This is a simple script that will visually show where buy and sell points occur based upon configurable price action. I wrote this purposefully to evaluate stablecoins and other narrow or fixed ranged markets where algorythms don't generally do well.
Putple triangles, pointing up, are buy signals.
Purple triangles, pointing down are sell signals
Alert conditions of BUY ASSET and SELL ASSET are provided for convience.
Interesting, would be great to do a quick Youtube video, showing it in action.
durgmadityasinghbhati
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seems script not working...itried in 5 min....but just a line of purple arrows on top....nothibng else
RobertD7723
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@durgmadityasinghbhati, please be sure to set the upper and lower boundary appropriate to the ass that you are trading. This is meant to set a very limited range, most typically stable coin, where the upper and lower boundaries are consistent within the cycles.
For example with USDT, the buying boundary would be 0.997 and they're selling boundary would be 1.001. it will not work very well on assets that have wide and sweeping volatility.