OPEN-SOURCE SCRIPT

TTP Breaking Point

Atualizado
This signal uses information from BTCUSDLONGS and BTCUSDSHORTS to forecast tops and bottoms.

The idea behind is very simple.
We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended.

You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies.

The signal offers a backtesting stream: 1 for buy and 2 for sell.

Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.


Notas de Lançamento
Added alerts
Added option to select custom symbol: this will allow the user to find similar setups on ALTs.
Notas de Lançamento
v0.3 brings cool new features to make the indicator more easy to use.

1) No need to manually select the corresponding Bitfimex USDLONGS/USDSHORTS symbol we do it for you by default as long as the coin is available in bitfimex
2) Option to override the automatic selection of USDLONG/USDSHORTS. Why? because you might want to use this indicator in a chart of one coin while showing signals from another one. Example: trade ADA while seeing Breaking Point signals from ETH. Specially useful for correlated coins.
3) If the asset is not available on Bitfimex an error window will make you aware (try the PEPEUSDT chart for example).
Notas de Lançamento
Changes in the look
Bitcoin (Cryptocurrency)bitfimexbottomBTClongsRelative Strength Index (RSI)reversalshortsTOP

Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

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