This is a mod of a script by informanerd that has helped me immensely with my trading setup. HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it! This version is functionally essentially the same - the difference is in visualization choices and automation. Instead of selecting different timeframes, and thus having to change not one but 4 timeframes manually every time you look at a different time frame on the main chart, I found (with help from the kind community in the Pine Script chat right here on Tradingview!) a method to choose multiples so that you can have consistent results no matter what timeframe you are looking at. Default is set to multiples of 2, 4 and 8 which is the system I found works best for myself personally. I also changed visualization - crossovers are now highlighted in the background of the respective bands. By default I have chosen different transparency levels for crossovers then sitting inside the bands. This destroyed the ability to modify colors the old school way in Style tab, but I have added inputs for all the relative settings so you can modify the visual aspect to your hearts content, as I know my colors make most people barf (something I did when I was younger maybe?).
Hope the nice barfs of color help you quickly see trends and reversals - I know they help me! Happy trading, no matter your timeframe! xD
Nicely done. Actually this was one of my first experiences in Pine and not the best one ;)
By the way I like your way of calculating timeframes and maybe I use it somewhere.
burgercrisis
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@informanerd, Haha, you must be talking about the S+R... I don't use that section but decided to leave it in. I love the BB and RSIs, though! Impressive that you managed reverse engineered RSIs that fast, I haven't attempted to reverse engineer an oscillator yet but it looks pretty tough!
burgercrisis
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@burgercrisis, Also, feel free to use anything you find in any of my scripts. The time frame bit came from a PineCoders code example script so here I really can't claim much. I'd say my only real work I had to do here was the color bit lol... I'm honestly more of a reworker then coder, anything "original" I do started with inspiration at the least and took a lot of research to figure out haha... but I guess the same can be said about all the best music on the planet
pattt128
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simply amazing this script is the most accurate and fast script i have ever seen. it seem to work really well for high volatility crypto like LRC (5min scalping). the other one were to late every time and were saying to buy when the price was already falling very fast. i can clearly detect spike in a trend or reversal. i will try to simplify it because i can't see my other indicator. espacially in a long trend.
burgercrisis
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@max-p-128, I found you can improve on this strategy by using multiple bollinger bands and multiplying length by timeframe you wanted. Makes it smoother/more accurate while roughly the same. I may make this version of the script to save on chart indicators.
By the way I like your way of calculating timeframes and maybe I use it somewhere.