MAGNUS® Cycles

This indicator will help you if you struggle making any profit in bitcoin .
It generates very few signals with very nice profit potential ( around 100% this year ! ).
Perfect tool for longterm swing traders and new traders that need help figuring out the midterm trend.

Use it with these parameters only:
weekly: 13, 5, 12
daily: 92, 21, 96
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?
study(title="MAGNUS® Cycles", shorttitle="MAGNUS® Cycles")
//try these parameters/timeframes:
//weekly: 13,  5, 12
//daily:  92, 21, 96

length = input(92, minval=1, title="Williams %R Length")
upper = highest(length)
lower = lowest(length)
out = 100 * (close - upper) / (upper - lower)

len0 = input(21, minval=1, title="EMA Short Length")
len1 = input(96, minval=1, title="SMA Long Length ")

m0 = ema(out, len0)
m1 = sma(out, len1)

col = m0>m1?aqua:fuchsia

plot(out, color = green)
plot(m0, color = white)
plot(m1, color=orange)
band1 = hline(-20)
band0 = hline(-80)
fill(band1, band0)


Great indicator! what are the best parameters for hourly timeframes?
+14 Jawab
+1 Jawab
@TENXBITTRADER, if u find one let me know? And using BYBIT on tradingview
@TENXBITTRADER, I put the best perimeters inputs up top that work 95-100% accuracy
+1 Jawab
JazzByrd JayP2577
@JayP2577, for 1 Hour, 24-12-24. Use %R crossing 50 line for confirmation in either LONG or SHORT direction.
very good indicator and works with other markets too.
+3 Jawab
can you explain how to read the indicator?
+2 Jawab
fairly easy: if background color changes, wait for the current candle to close and than take the trade (or look for a better opportunity if you think there definitely will be one).
So let's look at the last signal: purple background color changed to cyan. this means we are in a bullish market now ... kindof :) look at all the signals in the past ... they are pretty good :D
+3 Jawab
Thank you for your work, and publishing this!
+2 Jawab
You are very welcome : ] Thanks for checking it out !