OPEN-SOURCE SCRIPT
[blackcat] L3 Banker Fund Attack
Level 3
Background
This indicator is used to capture the movement of the banker fund. The buying and selling point is determined according to whether the momentum of the banker fund and the price momentum resonate.
How to use the indicator:
The red column line indicates that the banker fund accumulation signal appears, and the following 2 conditions are all satisfied to buy; (both above the green line of the banker fund attack threshold)
1. The yellow line and the purple line all cross the red accumulation histogram signal;
2. The yellow and purple trend lines are up
Key point: If the yellow line crosses the green line of the banker fund attack threshold, it will be pulled up or the big market will open! The main thing is to see the red accumulation histogram signal, or the green line that crosses the banker fund attack threshold. If there is a red accumulation histogram signal, it means that there are main low-acquisition chips, and start trading on the left to open a position. The area above the green line of the banker fund attack threshold belongs to the main force pulling stage. When the green line of the banker fund attack threshold is not broken upwards, there is still a lot of profit space, but if it can be effectively broken through, it is highly profitable!
Remarks
This indicator only effective for instruments that contains banker fund. If there is no obvious large fund inside, the indicator is not as meaningful as it is called.
I verified it worked well for > 4H or 1D timeframe. For the other time frames, you may need to check and verify by yourself.
Feedbacks are appreciated.
Background
This indicator is used to capture the movement of the banker fund. The buying and selling point is determined according to whether the momentum of the banker fund and the price momentum resonate.
How to use the indicator:
The red column line indicates that the banker fund accumulation signal appears, and the following 2 conditions are all satisfied to buy; (both above the green line of the banker fund attack threshold)
1. The yellow line and the purple line all cross the red accumulation histogram signal;
2. The yellow and purple trend lines are up
Key point: If the yellow line crosses the green line of the banker fund attack threshold, it will be pulled up or the big market will open! The main thing is to see the red accumulation histogram signal, or the green line that crosses the banker fund attack threshold. If there is a red accumulation histogram signal, it means that there are main low-acquisition chips, and start trading on the left to open a position. The area above the green line of the banker fund attack threshold belongs to the main force pulling stage. When the green line of the banker fund attack threshold is not broken upwards, there is still a lot of profit space, but if it can be effectively broken through, it is highly profitable!
Remarks
This indicator only effective for instruments that contains banker fund. If there is no obvious large fund inside, the indicator is not as meaningful as it is called.
I verified it worked well for > 4H or 1D timeframe. For the other time frames, you may need to check and verify by yourself.
Feedbacks are appreciated.
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.
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