INVITE-ONLY SCRIPT
Updated

Candle Surf Signal

1 128
This script works very well for all assets across various timeframe charts. Good for use with scalping, long term swings, or in combination with multi-timeframe trading.

Surf the candles!
Release Notes
This script is an improvement to the original Candle Surf indicator. This version allows for better custom control over period length and channel length. Typically both numbers are set to the same, but you can experiment by changing them to be different if you want.

This script works well for all assets across various timeframe charts. Good for use with scalping, long term swings, or in combination with multi-timeframe trading.

Green arrows and green backgrounds indicate a buy condition.
Red arrows and red backgrounds indicate a sell condition.

Typically you would enter trades at the beginning of a new series of green arrows/red arrows. Successive arrows of same color indicate the condition is still true. No colored backgrounds with no arrows indicate a neutral condition.

Surf the candles!
Release Notes
Symbol change, timeframe change
Release Notes
Title edit, input label edits.
Release Notes
Added candle filters. Candles opposing the signal direction are now "neutral", showing no signal or background coloring.

Updated chart to Coinbase: BTCUSD 1W
Release Notes
Added fast/slow length controls for convergences/divergences
Added MA smoothing

******recommended to keep the same ratios of the settings inputs. For example, default settings are 20,40,20. If you want the indicator to react faster, lower the numbers but be sure to maintain the same ratio: 10,20,10 or 5,10,5 or 7,14,7....etc.******
Release Notes
Renaming of settings labels
Release Notes
Edited Moving Average setting
Release Notes
Added momentum threshold setting
Release Notes
Updated code to V4 Pinescript
Release Notes
Updated V4 code, input labeling
Release Notes
New Labeling and Signal Indications.
Release Notes
Updated to Version 5 Pinescript. Improved accuracy changes.

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.