OPEN-SOURCE SCRIPT
[blackcat] L3 Bull Bear Game
Level 3
Background
A bull bear banker fund game trajectories.
Function
This technical indicator draws a track diagram of the long-short power comparison through a custom trend line. The red curve represents the long line, and the green curve represents the short line. When the red line crosses the green line, it means that the upward momentum is sufficient, the whale is controlling the market, and the rise is imminent, which is a buy signal. When the red line enters the strong zone, it means that the whale is in control of the stock, and the stock is about to enter the stage of pulling up. On the contrary, if the green line turns upwards, it means that the whale is washing or retreating, and we must quickly reduce or clear the position. Sometimes when the indicator sends out a long entry signal, because the whale still has to go through a round of washing, I introduced a golden pit inflection point filter scheme, which can filter out these signals, so only when the signals appear at the same time is a long entry point signal.
Remarks
Feedbacks are appreciated.
Background
A bull bear banker fund game trajectories.
Function
This technical indicator draws a track diagram of the long-short power comparison through a custom trend line. The red curve represents the long line, and the green curve represents the short line. When the red line crosses the green line, it means that the upward momentum is sufficient, the whale is controlling the market, and the rise is imminent, which is a buy signal. When the red line enters the strong zone, it means that the whale is in control of the stock, and the stock is about to enter the stage of pulling up. On the contrary, if the green line turns upwards, it means that the whale is washing or retreating, and we must quickly reduce or clear the position. Sometimes when the indicator sends out a long entry signal, because the whale still has to go through a round of washing, I introduced a golden pit inflection point filter scheme, which can filter out these signals, so only when the signals appear at the same time is a long entry point signal.
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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