Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Descrição
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So this system is a different approach to form a daily fib like system. Its based on linear regression and its slope , we calculate the slope of the line and we put it in MTF format that is without security and non repainting (int2=1440 min) As you in graph the coin in this case BTC has cycle from low to high similar to the fibs system. the lowest level is bellow -0.2 , next level is -0.1 ,0,0.1 and above 0.2 is consider the highest
with this system its easy to find the highs and the lows as the coin go between the levels either up or down like the fibs system. one can use this together with fibs system in order to make analysis more accurate. also it easy to set signals once the slope go between levels either up or down . another advantage for this system compare to fibs system is the ability to reduce the MTF to lower frame let say 4 hour or even less and then by the same logic to create system of high and lows to the most smaller frames (but if you do that you need in code to change the levels setting numbers so it fit the best ) follow the direction of the slope and you will find the road that you wish:))
I was wondering though, is there any alteration to the code that you can make that would allow me to render it on higher timeframes like the daily?
This is an example of the daily rendering:
This is an example of the four-hour rendering:
Any help would be greatly appreciated.
RafaelZioni
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@overttherainbow, it has MTF like function as the int2 control time length , you just need to play with it to find best fit on the graph for you .it does not work on 1d graph becouse the formula is 1 day so you cannot make it higher but on 4 hour and bellow just tune it for best results
RafaelZioni
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in this system we use MTF of 60 min over graph of 5 min , so it easy to detect the high and lows