TradingView
Celar
May 30, 2021 11:36 PM

Res/Sup With Concavity & Increasing / Decreasing Trend Analysis 

FTX:ADAPERP5
Cardano Perpetual FuturesFTX

Description

⋅
Purple means the concavity is down blue means concavity is up which is good.
Yellow means increasing, Red means decreasing.

Sup = Green
Res = Red

Release Notes

⋅
Added a far more accurate resistance/support line generator.

Also added plot shapes to indicate touches.

Not financial advice, however, please put ideas below of what you would like in the future.

Release Notes

⋅
Visual Change to Derivative Concave and Increase/Decrease indicator

Whtie means no signal. Green means both agree. Red means both disagree.

Release Notes

⋅
Added Range identifier highlights tightly bound price highlights yellow.

Release Notes

⋅
Added the input for range accuracy lower is better too low = no range because prices are not usually exactly the same.

Fixed-line 160.
VolatilityTrend Analysismeanreversion
Comments
Arockia
⋅
Great indicator, but when I add this, it plots below the candlesticks. But in your image, candlestick bottom and top are covered by green and red lines. How to do that?
WannaSeeClearly
⋅
Well, I like it if I'm understanding it correctly. It strikes me as a "Ichimoku for Dummies" whereby can see whether what's above you is resistance or support. I'll try it out and thanks for your effort!
Celar
⋅
Tomorrow I will likely add an input for you so you can add your exchange commission prices. It will then only accept ranges with a certain amount of volatility.
Celar
⋅
@Celar, Complete.
Celar
⋅
The final update for tonight will be a range identifier.
Celar
⋅
I highly recommend you do not trade crosses that are clustered or single crosses, you must trade multiple touches.
Celar
⋅
The next script will be using regressions for short-term scalping.
Celar
⋅
An FYI just because a cross hasn't appeared doesn't mean you can't trade the line if it's obvious that there have been a number of touches.
More