[astropark] Altwalker

Dear Followers,

since today you can enjoy Altwalker, a new Swing and Scalping Strategy based on a simple trend following theory, mainly designed for Cryptocurrencies, Altcoins and of course Bitcoin .
It works also on all timeframes, but it's suggested to use it on higher ones: 1D - 12h - 6h - 4h, not suggested to use it below 1h-30m.

Based on Moving Average, Altwalker dynamically identifies market resistance and support, so in which trend a cryptocurrency is during time:
  • green trendline and background means bullish trend, in fact it start with a "buy" signal
  • red trendline and background means bearish trend, in fact it start with a "sell" signal
  • if a series of buy and sell appears (this may happen especially in lower timeframes), this mean price is in consolidation or distribution phase, so be prepared for a new trending phase coming soon, always remembering that taking profits is awesome and managing your risk by defining you position size and having a stoploss is a must in trading

Altwalker integrates also 2 special tools besides the trend highlighter:
  • MoneyFlow Signals, which appear as Red and Green tiny Triangles, highlight when money are starting flowing in (green - bullish sing) or out (red - bearish sign)
  • Overbought and Oversold RSI Signals, which appear both as darker background (the darker the color, the more the price is in overbought/oversold) and green "ob"-"tp" / red "os"-"tp" labels (they optionally pop up only on a configurable stronger overbought/oversold condition)

You can edit many options in order to
  • enable/disable showing buy/sell signals
  • enable/disable showing trendline
  • enable/disable showing trend as background
  • enable/disable showing moneyflow signals
  • edit moneyflow period of analysis (I suggest a number between 70 and 100 in general)
  • enable/disable showing rsi signals
  • edit rsi length, overbought and oversold levels

The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin ) or use a proper risk management strategy.
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management.

This script will let you set all notifications you may need in order to be alerted on each triggered signals.

Here there are some examples how Altwalker works and results you can get following its buy/sell trend suggestions.










Here there are some examples how MoneyFlow signals give you a nice insight on near future trend - "Follow The Money".



This is a premium indicator, so send me a private message in order to get access to this script.

Release Notes:
  • added a new main trendline variant (now you have 2 options!)
  • added a peak profit tracker for each trade (you can enable/disable it optionally)
Release Notes: upgraded to pinescript v5
Release Notes: Added enhanced Re-Entry and Take Profit (TP) logic as in ALGO Trading indicator series

I'm a software engineer
> I develop script & strategies
> I do 1-on-1 trading lessons & consultancies

Here a summary of all my indicators and strategies:

Signup here
or just DM me
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact astropark for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.


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.

Author's instructions

DM me to get access to this indicator

Want to use this script on a chart?

Warning: please read before requesting access.