OPEN-SOURCE SCRIPT
BTC/USDC Uptrend Strategy with Buy/Sell | codeneir.com 1 hour
This script is designed to assist traders in identifying uptrend opportunities in the BTC/USDC pair on the 1-hour timeframe. It combines trend-following indicators, volume analysis, RSI momentum, and Fibonacci retracement levels to highlight optimal entry and exit points. Ideal for traders looking to capture profits in trending markets, this strategy provides clear Buy/Sell signals based on a combination of technical indicators.
Features:
Trend Confirmation with Moving Averages:
Utilizes the 7 EMA, 25 EMA, and 99 EMA to confirm an uptrend. Buy signals are generated only when the short-term moving averages are aligned above the longer-term averages, indicating a bullish trend.
Volume Confirmation:
Incorporates a 7-period and 14-period Moving Average of Volume (MAVOL) to confirm trend strength. Increased volume during uptrend conditions helps to validate the momentum.
RSI Momentum Analysis:
Applies RSI with periods 6, 12, and 24 to assess bullish momentum. Buy signals are only activated when all three RSI values are above 50, indicating strong market sentiment.
Dynamic Fibonacci Retracement Levels:
Automatically draws 0.382, 0.5, and 0.618 Fibonacci levels based on recent highs and lows, serving as potential support zones in an uptrend. These levels adjust dynamically to track recent price movements.
Buy/Sell Alerts:
Buy Signal: Triggered when all conditions are met (uptrend confirmation, volume increase, and bullish RSI).
Sell Signal: Triggered when the RSI exceeds 70 (overbought zone) or if the price drops below the 25 EMA, indicating trend weakening.
Custom Alerts:
Set up alerts to receive notifications when Buy or Sell conditions are met, helping you stay on top of potential trade opportunities.
How to Use:
Add this script to your TradingView chart for BTC/USDC on the 1-hour timeframe.
Watch for Buy signals when the uptrend is confirmed and all momentum conditions align.
Use the plotted Fibonacci levels as potential support zones to time entries during pullbacks.
Set up alerts for Buy and Sell signals to manage trades efficiently.
This script is an effective tool for trend-following traders, providing a systematic approach to enter and exit positions in an uptrend. Remember to practice good risk management and validate signals with other analysis tools!
Features:
Trend Confirmation with Moving Averages:
Utilizes the 7 EMA, 25 EMA, and 99 EMA to confirm an uptrend. Buy signals are generated only when the short-term moving averages are aligned above the longer-term averages, indicating a bullish trend.
Volume Confirmation:
Incorporates a 7-period and 14-period Moving Average of Volume (MAVOL) to confirm trend strength. Increased volume during uptrend conditions helps to validate the momentum.
RSI Momentum Analysis:
Applies RSI with periods 6, 12, and 24 to assess bullish momentum. Buy signals are only activated when all three RSI values are above 50, indicating strong market sentiment.
Dynamic Fibonacci Retracement Levels:
Automatically draws 0.382, 0.5, and 0.618 Fibonacci levels based on recent highs and lows, serving as potential support zones in an uptrend. These levels adjust dynamically to track recent price movements.
Buy/Sell Alerts:
Buy Signal: Triggered when all conditions are met (uptrend confirmation, volume increase, and bullish RSI).
Sell Signal: Triggered when the RSI exceeds 70 (overbought zone) or if the price drops below the 25 EMA, indicating trend weakening.
Custom Alerts:
Set up alerts to receive notifications when Buy or Sell conditions are met, helping you stay on top of potential trade opportunities.
How to Use:
Add this script to your TradingView chart for BTC/USDC on the 1-hour timeframe.
Watch for Buy signals when the uptrend is confirmed and all momentum conditions align.
Use the plotted Fibonacci levels as potential support zones to time entries during pullbacks.
Set up alerts for Buy and Sell signals to manage trades efficiently.
This script is an effective tool for trend-following traders, providing a systematic approach to enter and exit positions in an uptrend. Remember to practice good risk management and validate signals with other analysis tools!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.