I believe there is a paid version of this indicator, but I believe it looks a bit messy, and does not include the Bend10 addition.
This version is free, less cluttered (my opinion), includes the Bend10 indicator flags, and also changes the background to show where the MAs cross.
Default indicator values align with Mr. Anderson's strategy. You can switch timeframes and it will remain based on the 1D unless you change it in the settings.
Indicator is based on the Heikin-Ashi candles, but you do not need to have these candles active for the indicator to work. It will work regardless of what candles you use.
EXPLANATION OF INDICATOR:
- "long" + green up arrow is printed when all of the long conditions are met ---> this is where you would enter a long trade
- green 'X' is printed when the long cover condition is met (HA candle flips red/price drops below 10d SMA/bearish SMA cross) ---> this is where you would exit your long trade
- "short" + red down arrow is printed when all of the short conditions are met ---> this is where you would enter a short trade
- red 'X' is printed when one of the short cover conditions are triggered (HA candle flips green/price goes above 10d SMA/bullish SMA cross) ---> this is where you would exit your short trade
- green 'B' is printed when the BEND10 long condition is met (bearish trending 10d SMA starts bending, price breaks above 10d SMA, and HA candle flips from red to green) ---> this is where you CAREFULLY consider going long. This flag is to catch big pumps earlier than the long signals. If you do make an entry here, it is advised that you keep a tight stop loss, and take profits when the price reaches the 20d SMA
- The background color for a candle is red when there is a bearish MA cross (fast beneath slow) - The background color for a candle is green when there is a bullish MA cross (fast above slow)
Release Notes
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Making the plotted symbols editable as per a request
Release Notes
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changing cover pic
Release Notes
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Updated to include alerts for entry and exit signals. In order to create an alert, go into the create alert dialogue in the top of the screen (showing an alarm clock)
Good stuff man, was trying to make a strategy out of this for a long time , but i didnt had the coding skills. Glad i found your post on twitter regarding this.
bitcoin_bing
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This is a great script. Thanks for sharing. Any chance you could make the colour of the "Long" and "Short" text configurable?
number_juan
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@crypto_bing, I appreciate the kind words. That's a great idea, I'll work on that when I get some spare time. Thanks!
Hey @crypto_bing, I tried messing with the code but unfortunately even when I make the symbol editable it will not let the user change the text color. It's weird because you can customize almost everything else related to the shapes that get plotted.
My apologies but I'm not sure that it's possible right now for it to be editable. However I have reached out to some support to see what they say.
Did you have specific colors in mind that you wanted to change them to? Cheers