PROTECTED SOURCE SCRIPT
[klemenxina] Bevanda
Updated
When price is in a down/uptrend, the indicator aims to find the local bottom/top using liquidations or selling/buying absorption.
B.E.V.A.N.D.A was tested/optimized for binance usdt pairs, mainly btc and eth. It works best on lower TF. For testing, I used 1m, 3m, 15m and 30m TF.
Symbols:
φ - Means strong top/bottom, depending on if it's above or below the candles. [he who possesses strength or power (δύναμη)]
β - Means bottom
τ - Means top
ω - Means weak top/bottom, depending on if it's above or below the candles
When loading up the script it by default shows only Strong and Normal signals. To show the weak signals select the option in settings.
Weak signals should be only enabled for higher TF (15m+). The signal for higher TF also work but are extremely rare.
In options, there is also a setting for showing the SL which is calculated from the low/high +-atr(21). From testing, this worked fine, if a previous pivot is avaiable use it for the SL +- atr.
Strong signal are generated with a filer using an oscillator, which means that in a strong trading market the price won't drop/go up mutch, only a couple of %.
For scalping I suggest taking half profit on 1R and letting the rest go for extra Rs. Also only enter when the candle is closed meaning when the signal is confirmed.
Script also includes alerts for all signals.
//Screenshots
BTCUSDT 1m:
BTCUSDT 3m:
SL example:
SNXUSDT 4h:
For improvement ideas MSG me.
B.E.V.A.N.D.A was tested/optimized for binance usdt pairs, mainly btc and eth. It works best on lower TF. For testing, I used 1m, 3m, 15m and 30m TF.
Symbols:
φ - Means strong top/bottom, depending on if it's above or below the candles. [he who possesses strength or power (δύναμη)]
β - Means bottom
τ - Means top
ω - Means weak top/bottom, depending on if it's above or below the candles
When loading up the script it by default shows only Strong and Normal signals. To show the weak signals select the option in settings.
Weak signals should be only enabled for higher TF (15m+). The signal for higher TF also work but are extremely rare.
In options, there is also a setting for showing the SL which is calculated from the low/high +-atr(21). From testing, this worked fine, if a previous pivot is avaiable use it for the SL +- atr.
Strong signal are generated with a filer using an oscillator, which means that in a strong trading market the price won't drop/go up mutch, only a couple of %.
For scalping I suggest taking half profit on 1R and letting the rest go for extra Rs. Also only enter when the candle is closed meaning when the signal is confirmed.
Script also includes alerts for all signals.
//Screenshots
BTCUSDT 1m:
BTCUSDT 3m:
SL example:
SNXUSDT 4h:
For improvement ideas MSG me.
Release Notes
Fixed Error overlappingPotential bottom/top now triggers for normal and strong signals
Weak signal still separated
Release Notes
Fixed screenshot...mbRelease Notes
Fixed alert overlapping.Now alerts work for every single signal.
Added 2 alerts for:
- Strong and normal signal combined
- Strong, normal and weak signal combined
Disclaimer
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