OPEN-SOURCE SCRIPT
Naveen %R (140) Top 40 Screener
Title: Naveen %R (140) Top 40 Screener
Description:
The "Naveen %R (140) Top 40 Screener" is a specialized TradingView indicator designed to assess the relative strength of the top 40 cryptocurrency pairs listed on Binance, excluding stablecoins. This indicator calculates the Naveen %R, a variant of the Williams %R indicator, over a span of 140 periods to determine overbought and oversold conditions.
Features:
Comprehensive Coverage: Tracks the top 40 crypto pairs, ensuring a broad market overview.
Custom %R Calculation: Uses a modified Williams %R formula tailored to crypto volatility and trading patterns.
Overbought and Oversold Alerts: Provides real-time alerts when a currency pair enters overbought (> -5) or oversold (< -95) territories, enabling traders to make timely decisions.
Visual Labels and Lines: Utilizes labels and horizontal lines to clearly indicate current market conditions, making it easy to scan multiple assets quickly.
Adaptability: Suitable for traders of all levels who require a reliable tool to gauge market sentiment and potential reversal points.
Ideal Use Cases:
Day Trading: Monitor quick shifts in market sentiment to capture short-term gains.
Swing Trading: Identify entry and exit points for mid-term positions based on overextended price movements.
Crypto Market Analysis: Gain a macro overview of market trends and trader behavior across major cryptocurrencies.
By integrating this indicator into your trading strategy, you can enhance your decision-making process with a robust, data-driven approach to identifying potential buy and sell opportunities based on proven technical analysis principles.
Description:
The "Naveen %R (140) Top 40 Screener" is a specialized TradingView indicator designed to assess the relative strength of the top 40 cryptocurrency pairs listed on Binance, excluding stablecoins. This indicator calculates the Naveen %R, a variant of the Williams %R indicator, over a span of 140 periods to determine overbought and oversold conditions.
Features:
Comprehensive Coverage: Tracks the top 40 crypto pairs, ensuring a broad market overview.
Custom %R Calculation: Uses a modified Williams %R formula tailored to crypto volatility and trading patterns.
Overbought and Oversold Alerts: Provides real-time alerts when a currency pair enters overbought (> -5) or oversold (< -95) territories, enabling traders to make timely decisions.
Visual Labels and Lines: Utilizes labels and horizontal lines to clearly indicate current market conditions, making it easy to scan multiple assets quickly.
Adaptability: Suitable for traders of all levels who require a reliable tool to gauge market sentiment and potential reversal points.
Ideal Use Cases:
Day Trading: Monitor quick shifts in market sentiment to capture short-term gains.
Swing Trading: Identify entry and exit points for mid-term positions based on overextended price movements.
Crypto Market Analysis: Gain a macro overview of market trends and trader behavior across major cryptocurrencies.
By integrating this indicator into your trading strategy, you can enhance your decision-making process with a robust, data-driven approach to identifying potential buy and sell opportunities based on proven technical analysis principles.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.