OPEN-SOURCE SCRIPT
Diupdate Sniper Dragon
This indicator improvement from [M2J] Indicator | MCDX
I make some revise with adding rsi line and range. Also, hardcoded sensitive value to the rsi base, period etc.
Sniper Dragon created for help trader to identify smart money and momentum using RSI .
The rsi base also hard coded with sensitive rsi value that will get accurate value.
How to use this indicator:-
Histrogram Color legend
1. Green Color - Retailers
2. Yellow Color - Institution
3. Red Color - Smart Money
- the more red color in one bar is prefer for long position
- full yellow color indicate will good for mid position or short term position.
- if more green color then red and yellow indicate that the price likely going down. need to be careful here. the seller is in overpower.
- if more red color increasing, its indicate that the buyers momentum come in. A powerful buying interest.
Black Line RSI using RSI 9
- help trader to indentify current momentum.
- RSI range area already scale to fit in with the histogram.
- RSI scale range:-
- RSI 40-50 : signal overbought. standby for sell
- RSI 25-35 : indecision signal. might sideway. if before got above 35 can buy.
- RSI 0-15 : signal oversold. standby for buy
Horizontal Line Range
- red line :- indicate max range for the momentum. need to standby to sell.
- green line:- indicate lower min range for the momentum. can ready for buy if black line cross up the horizontal range.
I make some revise with adding rsi line and range. Also, hardcoded sensitive value to the rsi base, period etc.
Sniper Dragon created for help trader to identify smart money and momentum using RSI .
The rsi base also hard coded with sensitive rsi value that will get accurate value.
How to use this indicator:-
Histrogram Color legend
1. Green Color - Retailers
2. Yellow Color - Institution
3. Red Color - Smart Money
- the more red color in one bar is prefer for long position
- full yellow color indicate will good for mid position or short term position.
- if more green color then red and yellow indicate that the price likely going down. need to be careful here. the seller is in overpower.
- if more red color increasing, its indicate that the buyers momentum come in. A powerful buying interest.
Black Line RSI using RSI 9
- help trader to indentify current momentum.
- RSI range area already scale to fit in with the histogram.
- RSI scale range:-
- RSI 40-50 : signal overbought. standby for sell
- RSI 25-35 : indecision signal. might sideway. if before got above 35 can buy.
- RSI 0-15 : signal oversold. standby for buy
Horizontal Line Range
- red line :- indicate max range for the momentum. need to standby to sell.
- green line:- indicate lower min range for the momentum. can ready for buy if black line cross up the horizontal range.
Catatan Rilis
This indicator improvement from Indicator | MCDXI make some revise with adding rsi line and range. Also, hardcoded sensitive value to the rsi base, period etc.
Sniper Dragon created for help trader to identify smart money and momentum using RSI .
The rsi base also hard coded with sensitive rsi value that will get accurate value.
How to use this indicator:-
Histrogram Color legend
1. Green Color - Retailers
2. Yellow Color - Hot/Smart Money
3. Red Color - Institution/Banker
- the more red color in one bar is prefer for long position
- full yellow color indicate will good for mid position or short term position.
- if more green color then red and yellow indicate that the price likely going down. need to be careful here. the seller is in overpower.
- if more red color increasing, its indicate that the buyers momentum come in. A powerful buying interest.
Black Line RSI using RSI 9
- help trader to indentify current momentum.
- RSI range area already scale to fit in with the histogram.
- RSI scale range:-
- RSI 40-50 : signal overbought. standby for sell
- RSI 25-35 : indecision signal. might sideway. if before got above 35 can buy.
- RSI 0-15 : signal oversold. standby for buy
Horizontal Line Range
- red line :- indicate max range for the momentum. need to standby to sell.
- green line:- indicate lower min range for the momentum. can ready for buy if black line cross up the horizontal range.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.