OPEN-SOURCE SCRIPT
Stephan Today Bitcoin Indicator [v6]
Description:
This powerful Bitcoin-specific indicator identifies potential buying opportunities using multiple timeframe RSI analysis and price action confirmation. Designed exclusively for BTCUSD, BTCUSDT, and BTCEUR pairs.
Key Features:
Tracks significant RSI drops from recent highs
Uses daily and weekly RSI for trend confirmation
Validates entries with price action through trail of lows
Three-stage signal system: ATTENTION → BUY → BREAKEVEN
4-hour timeframe focused
How it Works:
ATTENTION signal appears when all conditions align
BUY signal confirms when price reclaims the trigger level
BREAKEVEN signal helps manage the trade
Fully customizable parameters:
RSI settings and thresholds
Trail of lows length
Confirmation window
Alert colors and styles
Note: This indicator is specifically designed for Bitcoin trading and will only work on BTCUSD, BTCUSDT, and BTCEUR pairs.
Tags: Bitcoin, RSI, Multi-timeframe, Trend Following, Swing Trading, BTC
This powerful Bitcoin-specific indicator identifies potential buying opportunities using multiple timeframe RSI analysis and price action confirmation. Designed exclusively for BTCUSD, BTCUSDT, and BTCEUR pairs.
Key Features:
Tracks significant RSI drops from recent highs
Uses daily and weekly RSI for trend confirmation
Validates entries with price action through trail of lows
Three-stage signal system: ATTENTION → BUY → BREAKEVEN
4-hour timeframe focused
How it Works:
ATTENTION signal appears when all conditions align
BUY signal confirms when price reclaims the trigger level
BREAKEVEN signal helps manage the trade
Fully customizable parameters:
RSI settings and thresholds
Trail of lows length
Confirmation window
Alert colors and styles
Note: This indicator is specifically designed for Bitcoin trading and will only work on BTCUSD, BTCUSDT, and BTCEUR pairs.
Tags: Bitcoin, RSI, Multi-timeframe, Trend Following, Swing Trading, BTC
Script de código aberto
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