INVITE-ONLY SCRIPT
Updated

MTF Deviation (on-chart) - Mtrl_Scientist

4445
Hey everyone,

This is an on-chart version of my previous MTF Deviation indicator:
MTF Deviation - Mtrl_Scientist


I've added more fib levels and you can now easily see the support/resistance price levels.


snapshot
Release Notes
Added additional intermediary fib-levels (check settings for more).
Release Notes
Updated the color scheme
Release Notes
Changed some labels required for alert automation.
Release Notes
Fixed typo in alerts, and added experimental algo.
Release Notes
Added new features:
- Refined entries
- Tier1, Tier2 entries
- TP1, TP2, TP3
- Pump/dump alerts
- Possible re-entries (experimental and disabled by default)
- Removed chart for TF higher than 15min (possible to re-enable in settings)
- Alert level horizontal lines
Release Notes
Added features:
- Automatically draw S/R areas
- Longer history on higher time frames (1 month instead of 4 days) by losing a bit of accuracy
- Entry signals enabled for 1min & 3min TF
Release Notes
Changes:
- Improved accuracy
- Clustered signals (1 signal per cluster)
- Improved readability
- Added profit markers

- Removed fib-level labels (too many plots on graph)
Release Notes
Changes:
- Improved accuracy of entry signals (ignore large wicks)
- Changed TP1/2 conditions
- Clustered TP signals
Release Notes
- Slight tweak to prevent highly volatile assets from triggering too many signals

Before:
https://www.tradingview.com/x/PmHBbJy6/

After:
https://www.tradingview.com/x/jmOMa2ju/
Release Notes
Changes:
- Added checkbox to choose between legacy settings (default) and switching to more agile adjustments for volatile assets.

Disclaimer

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.