OPEN-SOURCE SCRIPT
Trading with EDGE on the 4H
Diupdate
On what time frame should I use this indicator?
Please note that this script is meant to be used on the 4H. It could also be used on the 2H or the 1H if you're an aggressive trader and you know what you're doing.
What does it do?
This indicator paints the background green when the selected asset is in prime condition go up and it paints the background red when the selected asset is expected to go down. You should expect chop when there is no background coloring.
This indicator is a trend-following indicator.
What is the background coloring based on?
This Script is based on one of the strategies explained by https://x.com/TrueCrypto28. It's based on comparing price action to certain moving averages of the daily and the weekly as well as certain conditions being met on the RSI daily and weekly.
Does this indicator repaint?
Even though it uses data from different time frames, it does not.
How to trade it?
This indicator is meant to highlight conditions in which longs or shorts are favorable, not to signal trades/entries. That being said, entering long when it turns green and red when it turns red does give edge.
The idea is that you apply your favorite strategy to enter into longs when the background is green and short when the background is red.
You can use my other indicator “Full Vibration Pivots” for trade ideas.
Tip Wallet:
SOL FkkaMgdEuMyaf21WZLfPr2XdY2dzZqwNEK4FgSCuTdiE
Mainnet/L2 0xe4F9cADa2AC19Ec724E080112e95A1962C734320
Please note that this script is meant to be used on the 4H. It could also be used on the 2H or the 1H if you're an aggressive trader and you know what you're doing.
What does it do?
This indicator paints the background green when the selected asset is in prime condition go up and it paints the background red when the selected asset is expected to go down. You should expect chop when there is no background coloring.
This indicator is a trend-following indicator.
What is the background coloring based on?
This Script is based on one of the strategies explained by https://x.com/TrueCrypto28. It's based on comparing price action to certain moving averages of the daily and the weekly as well as certain conditions being met on the RSI daily and weekly.
Does this indicator repaint?
Even though it uses data from different time frames, it does not.
How to trade it?
This indicator is meant to highlight conditions in which longs or shorts are favorable, not to signal trades/entries. That being said, entering long when it turns green and red when it turns red does give edge.
The idea is that you apply your favorite strategy to enter into longs when the background is green and short when the background is red.
You can use my other indicator “Full Vibration Pivots” for trade ideas.
Tip Wallet:
SOL FkkaMgdEuMyaf21WZLfPr2XdY2dzZqwNEK4FgSCuTdiE
Mainnet/L2 0xe4F9cADa2AC19Ec724E080112e95A1962C734320
Catatan Rilis
On what time frame should I use this indicator?Please note that this script is meant to be used on the 4H. It could also be used on the 2H or the 1H if you're an aggressive trader and you know what you're doing.
What does it do?
This indicator paints the background green when the selected asset is in prime condition go up and it paints the background red when the selected asset is expected to go down. You should expect chop when there is no background coloring.
This indicator is a trend-following indicator.
What is the background coloring based on?
This Script is based on one of the strategies explained by x.com/TrueCrypto28. It's based on comparing price action to certain moving averages of the daily and the weekly as well as certain conditions being met on the RSI daily and weekly.
Does this indicator repaint?
Even though it uses data from different time frames, it does not.
How to trade it?
This indicator is meant to highlight conditions in which longs or shorts are favorable, not to signal trades/entries. That being said, entering long when it turns green and red when it turns red does give edge.
The idea is that you apply your favorite strategy to enter into longs when the background is green and short when the background is red.
You can use my other indicator “Full Vibration Pivots” for trade ideas.
Tip Wallet:
SOL FkkaMgdEuMyaf21WZLfPr2XdY2dzZqwNEK4FgSCuTdiE
Mainnet/L2 0xe4F9cADa2AC19Ec724E080112e95A1962C734320
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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