Thanks to LEGION, LAZYBEAR, Ni6HTH4wK, xSilas
Changed default sources to include and REMOVED BTC-e
Changed default lengths for SCALPING SUPREMACY - See Instructions
Changed "Caution dots" to RED because YELLOW was hard to see.
I mostly Ignore the oscillators and only use the caution dots with this configuration:
MOST EFFECTIVE USE: BITSTAMP:BTCUSD BITSTAMP:BTCUSD
- Use on 1m charts of your BITMEX swap, yes 1m. I know, but it works better this way. 5m and 15m work best when using on an exchange index.
- IF overall 2H trend is DOWN, the 1m godmode on swap CAUTION DOTS appear on the UPPER BOUNDS means good SHORT entry points, and the lower dots suggest a possible reversal and good exit opportunity (not always)
- If overall 2H trend is UP, the 1m godmode on swap CAUTION DOTS appear on the LOWER BOUNDS means good LONG entry points, and upper dots suggest possible oversold if they start to round over, again not always.
This is ultra simple, and very effective.
Default settings for VERY sensitive CAUTION DOT blop: 17,6,4
Use these settings for a slightly less sensitive CAUTION DOT blop: 14,12,9
Indicator access information
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 a publication is governed by House Rules. You can favorite it to use it on a chart.