PROTECTED SOURCE SCRIPT
Dynamic Fib Strategy
After publishing many complex scripts with a myriad of inputs that were confusing for the average user, and after being told my previous publications were overfitted and not easily applied across the board...I spent the past three months working on this masterpiece.
The script is very simple to use, and it MUST be used for timeframes of 10 minutes or more. Please do not use this strategy for lower timeframes thinking that more trades is a desireable trait in a strategy. Patience is a virtue, and it doesn't matter if there are 1000 bars between trades (I am exaggerating here) all crypto is cyclical in a short timeframe of days.
The script is based on moving averages, what is different about this script is that it is the result of months of analysis of the crosses that are key indicators of the best times to trade. It also identifies crosses that indicate when a massive dump is coming and when the dump turns back into a pump. It is designed to be a long strategy with the careful identification of the dump indicators so it preserves your capital and results in a better trade approach.
At the heart of this script is the Sutte MA and the SMA, and only a subset of the settings for these are exposed for user input to keep things simple.
The second key piece of how this script works is the Fibonnaci levels. For the purposes of using this script, the first two levels (Fib 1 and Fib 2) are only for display purposes of the bands and does not affect the triggers for trading. It is only the third and fourth levels which impact the trade triggerers for buying and selling. The idea here is that the best times to execute a trade is when the price moves into the outer bands as these are typical triggers for selloffs from those suffering from FOMO.
Since I have done quite a bit of work here, I do not wish for this script to be copied and pasted into other scripts. It is my coup de grace and there is not a script like this anywhere on TradingView that delves deep into the crosses that matter.
The script is very simple to use, and it MUST be used for timeframes of 10 minutes or more. Please do not use this strategy for lower timeframes thinking that more trades is a desireable trait in a strategy. Patience is a virtue, and it doesn't matter if there are 1000 bars between trades (I am exaggerating here) all crypto is cyclical in a short timeframe of days.
The script is based on moving averages, what is different about this script is that it is the result of months of analysis of the crosses that are key indicators of the best times to trade. It also identifies crosses that indicate when a massive dump is coming and when the dump turns back into a pump. It is designed to be a long strategy with the careful identification of the dump indicators so it preserves your capital and results in a better trade approach.
At the heart of this script is the Sutte MA and the SMA, and only a subset of the settings for these are exposed for user input to keep things simple.
The second key piece of how this script works is the Fibonnaci levels. For the purposes of using this script, the first two levels (Fib 1 and Fib 2) are only for display purposes of the bands and does not affect the triggers for trading. It is only the third and fourth levels which impact the trade triggerers for buying and selling. The idea here is that the best times to execute a trade is when the price moves into the outer bands as these are typical triggers for selloffs from those suffering from FOMO.
Since I have done quite a bit of work here, I do not wish for this script to be copied and pasted into other scripts. It is my coup de grace and there is not a script like this anywhere on TradingView that delves deep into the crosses that matter.
Performers follow, high performers break from convention.
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