Boom Hunter

Every "boom" begins with a pullback... This indicator will help traders find bottoms and perfect entries into a pump. It combines two indicators, Dr . John Ehlers Early Onset Trend ( EOT ) and the infamous Stochastic RSI . The indicator features a built in dump and dip detector which usually picks up signals a few candles before it happens. The blue wave ( EOT ) shows trend, when waves travel up so does the price. Likewise for the opposite. Low points are revealed when EOT bottoms out and flat lines. Traders can then use the Stochastic RSI crossover to enter a trade. As the EOT lines get closer together there is more movement in price action, so as they get wider traders can expect sideways action. This indicator works on all timeframes but has had excellent results on hourly chart.

Entry zones are marked with a green dot at top of indicator. This signals a bottom is being formed and traders should look for an entry.
Exit points are marked with a red dot at top of indicator. This signals a peak and great time to exit.
Dips and dumps are indicated in red at bottom of indicator.

Notas de Lançamento: - Added MA filter option for dump detector.
With the filter on, only dumps in uptrend are detected. Removing filter will show all dump signals and may be a "spammy"
Notas de Lançamento: Added alerts for buy point and sell point
Notas de Lançamento: Added some cosmetic changes. 2 new themes: Large and Tartan or as I like to call it... "Scotch"astic.
Large is now set to default as it is cleaner and easier to read than original. Signals can be turned on in settings.
Notas de Lançamento: Boom Hunter now has a new theme and default look using classic trading view colors.
2 new oscillators have been added and can be changed in settings:
  • Stochastic RSI
  • Stochastic RVI
  • LSMA Wave Trend (Default)
Above shows oscillators.
Above shows available themes.
Above shows an example of different LSMA lengths.
Above shows an example of different WT settings.
By tuning the settings for your timeframe and chart your oscillator can either scalp waves or ride trends.
Script de código aberto

No verdadeiro espírito TradingView, o autor deste script o publicou com código aberto, para que os traders possam compreendê-lo e verificá-lo. Um brinde ao autor! Você pode usá-lo gratuitamente, mas a reutilização deste código em uma publicação é regida pelas Regras da Casa. Você pode favoritá-lo para utilizá-lo em um gráfico.

Quer usar esse script no gráfico?


Nice conceptual understanding. If can apply properly this can make money. Thanks
+1 Resposta
veryfid pricechart1336
@pricechart1336, Happy Trading!
Hi everyone. Just an update... New boom hunter is around the corner. It will blow your minds! I will be releasing it as a new indicator.
Can I automate this on 4Hrs time frame because i like trading it?
veryfid richlifestyle01
@richlifestyle01, Hi, what do you mean by automate?
@veryfid, the indicators buy/sell signals to 3commas
veryfid richlifestyle01
@richlifestyle01, Yes you sure can. You just need to create alerts for your entry and exit conditions.
@veryfid, alright thanks
veryfid richlifestyle01
@richlifestyle01, for example:
enterlong = Quotient1 <= -0.9 and crossover(k,d)

This condition triggers when the blue wave is bottomed out and stochastic rsi crosses over. Then make alert:
alertcondition(enterlong, title='Long')