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cryptowatri
Apr 15, 2021 11:48 AM

Ultimate Buy/Sell Indicator 

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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An Indicator based on the William Alligator, helping to find suitable entry and exit points.

Release Notes

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Updated default values to reduce the noise and show less but clearer signals including emojis.

Release Notes

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Basically, I almost rewrote the whole script. 😅
I now added "early" Signals, which are actually closer to the intended use of the Williams Alligator. They show once the first candle completely closes above/below both the jaw and the lips. During a continuous trend the early signals can show multiple times, once an opposite "early" signal shows.
Additionally, I added a 200 SMA for further guidance.
My ultimate (🌝) goal is to create a buy/sell indicator which incorporates multiple indicators into one.
Hope this helps and feedback is always very welcome!
Alligator IndicatorSimple Moving Average (SMA)entrypointexitsignal
Comments
amrishkj
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Kindly explain what is the rocket, question mark and cross sign. Thanks
drnewfie
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@amrishkj, from the code it looks like ? marks are early buy or sell signals, the X is the sell signal, and the Rocket is the buy signal.
bhornick10
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@amrishkj, plotchar(series=buySignal, char='🚀', size=size.small, editable=false, color=colorBuy)
plotchar(series=sellSignal, char='❌', size=size.small, editable=false, color=colorSell)
plotchar(series=earlyBuy, char='?', size=size.small, color=colorBuy, editable=false, color=colorBuy)
plotchar(series=earlySell, char='?', size=size.small, color=colorSell, editable=false, color=colorSell)
DonNimsky
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A brief explanation on how it works please. thanks.
woppor
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@DonNimsky, Agree, would like a short explanation on taking trades and signals using this indicator
Soultrainn
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how do you know when to buy and sell.. is there an upgrade to this
chandarana100
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sir how can use this arrow and dengar sine
GeeBabyyy
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Is there anyway we can remove the emojis ?
TusharDave
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Colors are not displaying in Intraday Time Frame. Daily it is okay
bel3205
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Por favor, explique o que é o foguete, ponto de interrogação e sinal de cruz. Obrigado
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