XBT Fader [NeoButane] — Indicator by NeoButane

oscillator candlestick volumestudies xbtusd atr neobutane

Proof of concept indicator. Intended usage: to create confidence in buying a dump, or selling a pump. This is not a trending tool.

It works by monitoring spikes in volume as well as abnormally ATR. Generally speaking, bitcoin reverses every time there's a one candle spike with no following volume. There is a limit in which a signal is triggered in case bitcoin continues running. Other preventive measures include a modified MFI and fairy dust.

In future iterations, take profits and stop losses will be implemented also based upon average candle percentage move rather than ATR.

Release Notes:

Bug fixes

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NeoButane for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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