Thistle ORACLE^ : Indicator

Nov 27, 2022

THISTLE ORACLE^
AN ENGINEERED TRADING INDICATOR
We coded one of the smartest in class Indicator that is a powerful trading tool to help magnify investment gains in practically any market.

Over 2 years of research and development testing our novel and simplified approach is based on two key features:
The ORACLE^ Circles that light up red or green, you won't have to worry about indecisive short or long trade entries.
The ORACLE^ Trend Line provides further confidence on market direction giving you a higher chance of executing a profitable trade, everytime.


HOW IT WORKS

• A trend line is established using a calibration of Momentum Adusted Moving Averages, smoothed out exponentially with lazy reaction and then accelerated;
  
• The trend line is treated with angle detection of moving average line to determine a trend momentum shift or false breakouts by coloring the lines Green (Bullish), Yellow (Neutral) or Red (Bearish);
  
• Thereafter the candle sticks are analysed using their close, highs, lows, open, proportions to determine whether or not in relation to their peers in the trading range the next candle is likely bullish or bearish. These candles have an ORACLE^ Circle added in green below or red above;
  
• Sustained Green circles above the trend line indicate a strong bullish momentum whilst a sustained run of 3 red circles below the trend line indicate strong bearishness of market;
  
• The chart bars are colored to make visual analysis easier based on the circles and trend color;
  
• There are other algorithmic calculations used that are proprietary giving this indicator an edge that not many exisitng tools achieve;
  
• We coded a feedback range modelled from the Daily chart for the trend line to indicate potential resistance and support areas built on a predictive approach;
  
• Trade everyday, weekends only or weekdays only. Written for cryptocurrencies or securities;
  
• Added Weekly and Monthly Opens for easier decision making;
  

KEY FEATURES

• Works with over 10,000 market symbols
  CRYPTOCURRENCIES. STOCKS. SHARES. COMMODITIES. INDICES. CURRENCIES.
  
• ORACLE^ Circles and Trend Line
  Clear and concise colored chart visuals, the only indicator you will ever need for trading.
  
• ORACLE^ Circles
  Green is Bullish, Red is Bearish!
  
• ORACLE^ Trend Line
  Market momentum, Green for Bullish, Red is Bearish, Yellow is undecided!
  
• Support & Resistance Zones
  Ranges of bullish and bearish zones to mark resistance and support areas where market reversal is likely.
  
• Alerts
  Create on-demand customer alerts for the ORACLE^ Circles or Trend Line and never miss a trade again. Supports Json message formats
  
• Backtested
  Our Strateguy version already published allows you to backtest this indicator and we achieve an average of 75% win rate on most symbols.
  

EXAMPLE JSON ALERT MESSAGE

{
"time": "{{timenow}}",
"exchange": "{{exchange}}",
"ticker": "{{ticker}}",
"order_action": "buy or sell",
"bar": {
"time":"{{time}}",
"open": {{open}},
"high": {{high}},
"low": {{low}},
"close": {{close}},
"volume": {{volume}}
}
}



This engineering from our Thistle^ research labs is part of two Tradingview scripts released.
STRATEGY version: Thistle ORACLE^ : Strategy
INDICATOR version: Thistle ORACLE^ : Indicator

Nov 29, 2022

Release Notes

Added 8 types of moving average lines type.
SMA, EMA, WMA, TMA, VAR, WWMA, ZLEMA, TSF

Nov 30, 2022

Release Notes

Improved Oracle Circles.

Mar 24, 2023

Release Notes

Minor Code improvements

Mar 25, 2023

Release Notes

Improvements.

Mar 25, 2023

Release Notes

Imrpovements

Apr 1, 2023

Release Notes

Improved accuracy in circles to greater than 80%.

Apr 1, 2023

Release Notes

Improvements.

Apr 28, 2023

Release Notes

Improved trend reaction

Apr 29, 2023

Release Notes

Trend Line accuracy improvements to 85%

May 30, 2023

Release Notes

Improved trend

Jun 12, 2023

Release Notes

Improved Trend line sensitivity and High Time Frame signals accuracy.

Aug 8, 2023

Release Notes

Visual improvement.

Nov 18, 2023

Release Notes

Upgrade.

Feb 19

Release Notes

Unified signalling and json message integration