OPEN-SOURCE SCRIPT

Crypto-DX Crypto Directional Index [chhslai]

Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.


How this indicator works :
  • If the Crypto-DX cross above the zero-level, it could be an indication that there is a trend reversal into upward. You should close your short position or place a long order right away.
  • If the Crypto-DX cross below the zero-level, it could be an indication that there is a trend reversal into downward. You should close your long position or place a short order right away.
  • If the Crypto-DX is consolidated around the zero-level, it could be an indication that the trend may be ended and followed by a sideway market. You are suggested not to place any order and wait for the market moves.
  • Divergence based trading strategy is fully applicable, just like the MACD.


Screener features :
  • Plot "Crypto Index" and "5 Custom Crypto"
    snapshot
  • Plot "Crypto Index" and "Top 30 Crypto"
    snapshot




cryptocryptoindexdirectionalindexdirectionalmovementindexdirectionaltrendindexMomentum Indicator (MOM)momentumindicatorMomentum OscillatorsRate of Change (ROC)Trend Analysistrendtrading

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


Aussi sur:

Clause de non-responsabilité