Upon adding to the 10-min chart, the sample Image in Tradingview looks as follows:
Note: Kal's MTF OBV Haar is the lower Plot. The upper plot is Kal's MTF Rangoli Roller(
- For cryptocurrencies, one week is 7 periods, two weeks is 14 periods
- For stocks, one week is 5 periods, two weeks is 10 periods
For the study of stocks, I used
For the study of crypto-currencies, I would update EMAs as follows:
In the study plot, the lowest row is 10m, row above is 1H, row above is 4H, then 1D, then 1W and highest row is 1M
- Lime( Bright Green) dot implies Trending Uptrend for that time-frame
- Red dot implies Trending Downward for that time-frame
It’s best to wait and research for possibility of trend reversal during the following dots/bricks:
- Silver dot implies indecisive up
- Orange dot implies indecisive downtrend
- Lime Brick implies is near Zero line( between 15 and 0)
- Red Brick implies is near Zero line( between -15 and 0)
- Purple dot implies zero rejection to possibly/probably continue trend UP
- Yellow dot implies zero rejection to possibly/probably continue trend Down
Aqua dot implies that trend is overbought or oversold. This dot usually happens between red dots or green dots. Therefore, it’s best to wait for pull-back especially in lower time frames.
I am a disabled man. Therefore, I am not able to write in detail here today. More Details will follow as time permits. Please let me know if I am missing anything…
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PS4: This study is intended for research in creating automated Python Trading Systems using Pandas(https://steemit.com/python/@chipmaker/ho...).
Test this code out free in the pine editor by creating a free account on https://www.tradingview.com. More details follow as time permits!
Is there any way to let me update my public script and script Description which are in English? I gotta know that I cannot place any identifying information in the script. If that's the case, how can I receive any donations for my work, pinescript art? As you see, even the moderators of script blog are only volunteers. Why would anyone do anything for free? I am a disabled man and I need some income to sustain myself under a roof and also pay my bills including but not limited to tradingview. Please kindly look into the matter and if possible highlight the sentences or text that needs to be removed and I can remove that promptly.
(I gave them phone number, removed here because I don't want them to be moderating this out and I don't get a chance to discuss with them the right way)
19-period EMA over OBV for time-frames (10m, 1H, 4H, D)
9-period EMA over OBV for time-frames (W, M)
Legal Disclaimer: I published here so I get replies from fellow viewers to educate myself and for my daily expenses. Hence, if anyone uses this script for making their decisions, I am not responsible for any failures incurred. Thanks to tradingview for preserving copyrights on all scripts.
Kal's Law: Ultimate aim of Noble Traders is to eradicate all opportunities to trade similar to Ultimate aim of Noble Doctors is to eradicate all opportunities to cure
Kal's Observation: Ultimately traders stabilize the markets, only Investors create a trend UP or a trend DOWN