Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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This indicator is just a slight modified version of the godmode indicator developed by xSilas.
It helps to spot and extreme building selling or buying pressure.
I use it mainly for BTC on the 1h chart but can do the job on other crypto-assets and timeframes such as 5min, 30min etc.
Notes de version
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Notes de version: *** MINOR UPDATE (v1.1) ***
Optimised the Alert system that is now fully functional. - Period 22 and Sell Signal 74 initial values were changed. Added some new values to get better efficiency with the turning points detection algo.
Always wait for the candle to close to validate the signal.
Hi! I came across this indicator and just out of interest, on which source of data is this indicator based? I mean, which criteria/data does it use to determine the buy and sell zones?