OPEN-SOURCE SCRIPT
[blackcat] L1 Simple Buy Back
Level 1
Background
This indicator models the situation before banker fund or whales lurking, buying chips, and about to pull up. This is the simplest version of blackcat L1 Buy Back indicator with only single line of core code.
Function
When is the time to buy, even if you know that whales are accumulating, but how long it needs to be lurking, and when it will rise is unknown. This indicator has been conditionally modeled through statistical high probability events, and the main judgment is that it is the key to step back before rising The bit, once the signal appears, will be pulled up.
Remarks
Feedbacks are appreciated.
Background
This indicator models the situation before banker fund or whales lurking, buying chips, and about to pull up. This is the simplest version of blackcat L1 Buy Back indicator with only single line of core code.
Function
When is the time to buy, even if you know that whales are accumulating, but how long it needs to be lurking, and when it will rise is unknown. This indicator has been conditionally modeled through statistical high probability events, and the main judgment is that it is the key to step back before rising The bit, once the signal appears, will be pulled up.
Remarks
Feedbacks are appreciated.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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