Yellow Crosses mean both shorts and longs are increasing market is getting volatile
Gray Crosses means margin traders undecided on that candle
Green Crosses mean longs are increasing and shorts are being pulled out
Red Crosses mean Longs are being pulled out and shorts being put in
RSI of Longs and Shorts used.
Hope the indicator helps you in anyway.
Only works for BTC.
usage
use this like a oscillator (for example RSI)
info
each time a indicator and condition is bullish it adds +1 if is not then it takes -1
i used the most used value for SMA but anyone can add more to have a rainbow/ribbon
for example
(iff(sma(close,30) >sma(close,30) ,1,-1))+
(iff(sma(close,40) >sma(close,40) ,1,-1))+
to have bars instead of a red...
this just take the normal BB, this use top and low instead of close
if the cripto markets are open 24/7 does the market really have a close ?
and also lower the 20 bars to 10
if the line is red mean the majority of the conditions are turning bull and a possible drop can happen so in a way this is a contrarian indicator
this works only into uptrend on down trend the line will be always yellow
use trend lines and channels to determine trends for example
to increase sensibility lower the "10" to 8 or 7
