This is a TradingView indicator designed for Bitcoin (BTC) trading, providing visual buy and sell (take profit) signals overlaid on the price chart. It combines multiple technical indicators—MACD, Bollinger Bands, ATR, Stochastic Oscillator, RSI, and Moving Averages (including an optional higher timeframe MA)—to generate reliable trading signals. The indicator is highly customizable, allowing users to tweak parameters and enable/disable filters for confirmation.
Key Features: Sell (Take Profit) Signals: Triggered when the price reaches or exceeds the upper Bollinger Band, RSI is overbought, Stochastic %K is high, and the 50-period MA is above the 200-period MA. Optional MACD crossover-down confirmation and ATR volatility filter can refine the signal. Buy Signals: Triggered when the price falls to or below the lower Bollinger Band, RSI is oversold, and Stochastic %K is low. Optional filters include MACD crossover-up, price above a higher timeframe MA, and ATR threshold.
Indicators Displayed: Includes 50/200-period MAs, higher timeframe MA, MACD, Bollinger Bands, ATR, Volume Histogram, Stochastic Oscillator, and RSI, all with toggle options. Customization: Adjustable periods, thresholds, and multipliers for each indicator, plus optional confirmation filters (e.g., MACD crossovers, ATR volatility, higher timeframe MA). Visuals & Alerts: Red triangles above bars for sell signals, green triangles below bars for buy signals, with customizable alerts for both.
Purpose: This indicator is tailored for BTC traders seeking to identify potential entry (buy) and exit (take profit) points based on a blend of trend, momentum, volatility, and overbought/oversold conditions. It’s ideal for swing trading or trend-following strategies, with built-in flexibility to adapt to different market conditions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.