#Forum anyone try tradingview mtpredictor free
Feel free to turn them on from the settings. So while this version adds signals for bears now too, most of these signals are hidden by default, because, as mentioned, they serve not much purpose. This is not a fault of VuManChu or anyone involved in open-sourcing Cipher A, but rather the misunderstanding of the original creator (Crypto Face) in technical analysis. Many of the original signals only added lots of crosses, triangles, and whatnot to the chart, which were either contradicting or nonsensical.
Almost all signals that were only available on the long side, are now also available for shorts. You can submit feature requests on this site or on my Telegram channel mentioned above.
#Forum anyone try tradingview mtpredictor update
Please keep in mind that I may not update the code any further, but if it scratches my itch, I might. As per my implementation this version adds few original new features, and generally just tries to clean up the code, as well as make the indicator a lot more usable. Personally I have some problems with the original Market Cipher A, as its signals are either a) confusing, b) too many, c) serve no value, or d) all together. VuManChu (and several others mentioned in the source code) did great work on uncovering this fraud, and providing an open source version of Market Cipher A. The original Market Cipher A is an indicator which copied several other indicators, and merged them into one indicator. Because this is seen as "not useful" by TradingView, it can't be published on TradingView. I might add some like trend strength indication or something along those lines. Other than that doesn't have any other fancy features. This one shows trend zones visually through color variation. Adjust if you don't like it.Ī slight variation on the standard TradingView DMI indicator. Personally I don't like the purple background fill, so it's 100% transparent. Otherwise it's the same script from TradingView. Stochastic with thicker lines when %K, and %D are above the user defined up and down thresholds. Note that by default the coloring is very subdued. What you don't want to see is a rejection X followed by a breakout triangle obviously. When these triangles appear, you can interpret the bars as potentially starting a strong trend. You can turn it on manually in the settings.
By default the breakout indication is off, because the chart gets messy otherwise. As you can see it is often accurate, but as you can tell, one has to be careful applying this indicator to their trading, as the trend can just continue onwards.Īdditionally Peak Reversal uses the same Keltner channels it uses to identify reversals also as breakouts. Peak Reversal helps by identifying the bar that actually reversed trend. In mean reversion we try to find the bar where we can be certain a reversal is in play, as opposed to the proverbial knife catch. Peak Reversal is an indicator, which can be used as an early identification for a reversal, or a reversion to the mean. Please note this is not a buy/sell indicator! This indicator is supposed to help traders identify potential market reversal points. Simple, exponential, volume, weighted, and Hull moving averages are availabe. There's also a menu, which allows you to switch between different variants of moving averages. This way you don't have to switch between time frames constantly. When you are charting the hourly, you can always keep an eye on the daily. Using this indicator you can set your moving averages to be based on the daily. These are hardcoded to a specific time interval. This is indicator adds 5 moving averages to your chart. The indicator is saved under My Scripts in the Indicators & Strategies menu.
0 kommentar(er)
