Hello Lads,
this is the mandatory description to not get this indicator banned by tradingview. :-)
So what you can basically see are different types of colored candles and some weird signs below and above the candles.
In this picture you can see all features that the indicator is providing at the moment of the relase. More to come soon anon.
As first we got different color settings for different candles.
There are two different types of color candles.
Casual Extensions of the source you have chosen in the settings are either green or red by default.
If the market extends a little more, the bars are being colored either blue or purple.
These candles work well to identifiy local exhaustion points after a rallye to the up or the down side. But you can also take them as an entry.
For Example:
A green or blue extension appears after a significant drop in price. Candles like these are usually a first sign of a local bottom to form or a bounce to appear.
In order to view green and blue bars at the opposite, you can take them as an exit for your long after a rally, because the market tends to be exhausted afterwards.
It works the same way for the red and purple bars as you can see here. I hope the screenshot can make that clear aswell. :-)
So on the screenshots you can see aswell many different signs below and above the candles.
Candles with an "F" below or above the candle are showing you that the Fisher Transform indicator has made a turnover.
So this basically means that if there is a green "F" below a bar the value of the Fischer Oscillator is smaller then - 3 and the fast line is crossing the slow line, which is bullish.
If you see a "F" above a candle, this means that the slow line is crossing the fast line and the value of the fisher transform is greater then 3.
If you see an "H" above or below the candle this means that the Indicator "Hull Suite by InSilico" is turning over.
If the "H" is red and above the candle it´s a bearish sign, if it´s green and below the candle, it is a bullish sign.
Well as next we have these white colored "X" appearing form time to time.
Well X stands basically for EXIT.
We have calculated the difference from the current price to a selectable EMA / MA and if the percentage difference in market is bigger then the selected value in the menu, the market will simply print an "X" where you can exit your long or short position.
We recommand to use this function, espacially as all other functions aswell, only for scalping purposes, to catch a possible reversion of the price.
Here you can see the menu at it´s full beauty. You can select every mode and adjust your settings for your personal preferences.
https://gyazo.com/c005989b8226e0ec6511cfe28c96ee2b
https://gyazo.com/3300057de76856909a89966f014f2b61
You can even chose different modes for the extension bars, which are currently being tested. If you got some feedback, please let us know!
The "Vanilla" mode of the extension bars takes the volume from the current chart that you are looking at. So this mode basically works for all in TradingView existing markets where chart provides you volume.
The second mode aggregates Spot and Perpetual Volume from the biggest exchanges. We recommand to use this and the other modes (except vanilla ofc) only for BTC and ETH.
Furthermore we took the provided Open Interest from Binance to calculate the bars. It is as all the other things aswell highly experimental and hasn´t been tested a lot yet.
Last but not least, we calculated from the given Open Interest by Binance a CVD for BTC and ETH, which expansions are also being plotted as the previous explained candles.
https://gyazo.com/40b3c896927f89dd9b4c353324b3f1a5
You can also change the length and the type of the AVG that is being calculated for the bar coloring. As well as for the Exit Bars and the Hull Suite.
https://gyazo.com/9ee30b5af0ac5e1e39084e249cb169e7
https://gyazo.com/f0e6551e19f319fbedbe41ccfe0bd16c
https://gyazo.com/bac44a4280d03dbc2fc5ef260b8f7c68
For this Project we have used Public Source Code by @InSilico for the HullSuite and ressources by Tradingview for the Fisher Turnover feature.
this is the mandatory description to not get this indicator banned by tradingview. :-)
So what you can basically see are different types of colored candles and some weird signs below and above the candles.
In this picture you can see all features that the indicator is providing at the moment of the relase. More to come soon anon.
As first we got different color settings for different candles.
There are two different types of color candles.
Casual Extensions of the source you have chosen in the settings are either green or red by default.
If the market extends a little more, the bars are being colored either blue or purple.
These candles work well to identifiy local exhaustion points after a rallye to the up or the down side. But you can also take them as an entry.
For Example:
A green or blue extension appears after a significant drop in price. Candles like these are usually a first sign of a local bottom to form or a bounce to appear.
In order to view green and blue bars at the opposite, you can take them as an exit for your long after a rally, because the market tends to be exhausted afterwards.
It works the same way for the red and purple bars as you can see here. I hope the screenshot can make that clear aswell. :-)
So on the screenshots you can see aswell many different signs below and above the candles.
Candles with an "F" below or above the candle are showing you that the Fisher Transform indicator has made a turnover.
So this basically means that if there is a green "F" below a bar the value of the Fischer Oscillator is smaller then - 3 and the fast line is crossing the slow line, which is bullish.
If you see a "F" above a candle, this means that the slow line is crossing the fast line and the value of the fisher transform is greater then 3.
If you see an "H" above or below the candle this means that the Indicator "Hull Suite by InSilico" is turning over.
If the "H" is red and above the candle it´s a bearish sign, if it´s green and below the candle, it is a bullish sign.
Well as next we have these white colored "X" appearing form time to time.
Well X stands basically for EXIT.
We have calculated the difference from the current price to a selectable EMA / MA and if the percentage difference in market is bigger then the selected value in the menu, the market will simply print an "X" where you can exit your long or short position.
We recommand to use this function, espacially as all other functions aswell, only for scalping purposes, to catch a possible reversion of the price.
Here you can see the menu at it´s full beauty. You can select every mode and adjust your settings for your personal preferences.
https://gyazo.com/c005989b8226e0ec6511cfe28c96ee2b
https://gyazo.com/3300057de76856909a89966f014f2b61
You can even chose different modes for the extension bars, which are currently being tested. If you got some feedback, please let us know!
The "Vanilla" mode of the extension bars takes the volume from the current chart that you are looking at. So this mode basically works for all in TradingView existing markets where chart provides you volume.
The second mode aggregates Spot and Perpetual Volume from the biggest exchanges. We recommand to use this and the other modes (except vanilla ofc) only for BTC and ETH.
Furthermore we took the provided Open Interest from Binance to calculate the bars. It is as all the other things aswell highly experimental and hasn´t been tested a lot yet.
Last but not least, we calculated from the given Open Interest by Binance a CVD for BTC and ETH, which expansions are also being plotted as the previous explained candles.
https://gyazo.com/40b3c896927f89dd9b4c353324b3f1a5
You can also change the length and the type of the AVG that is being calculated for the bar coloring. As well as for the Exit Bars and the Hull Suite.
https://gyazo.com/9ee30b5af0ac5e1e39084e249cb169e7
https://gyazo.com/f0e6551e19f319fbedbe41ccfe0bd16c
https://gyazo.com/bac44a4280d03dbc2fc5ef260b8f7c68
For this Project we have used Public Source Code by @InSilico for the HullSuite and ressources by Tradingview for the Fisher Turnover feature.
Notas de Lançamento:
Smol edit
Notas de Lançamento:
bug fix
Notas de Lançamento:
Added more Alerts
Notas de Lançamento:
Added Trend, minor changes.
Notas de Lançamento:
:)
Notas de Lançamento:
Added option for trend.
Notas de Lançamento:
bug fix