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creengrack
19 de Dez de 2021 07:04

Creentrend Pressure Signals 

Bitcoin / TetherUSBinance

Descrição

The hull moving average is my favorite moving average, as well as slower (55ma Bollinger Bands dev@(1.618)) is my favorite standard deviation indicator. Lets combine the two to evaluate overbought, oversold, and pressure.
Use for all time frames- I PREFER daily.
Bollinger band MA at 55
Hull ma at 55

The Hull is more reactive and faster than any band on the BB (both at 55)

When HULL closes BELOW LOWER BAND- it will print a buy signal, remember- over sold and overbought in VOLATILITY could be dangerous on low time frames, as swift moves typically have short term reversals but return to the main trend eventually, this is why i reccomend daily candles.

When PRICE closes ABOVE UPPER BOLLINGER BAND- it will print a green ^ signal under candle indicating upward pressure.

When HULL closes ABOVE UPPER BOLLINGER BAND- it will print a red resistance line. Complex tops happen a lot with bitcoin so take a 1-5% stop above it if shorting.
Comentários
sahl6736
How to use this indicator
creengrack
@sahl6736, read description and use to help determine pressure
creengrack
'warning' signal in code is not active, it presents as red---------
creengrack
creengrack
creengrack
As of 7/2/23 this script has been updated to a strategy, tradingview.com/script/1EQrMTt2-Bollinger-Creen-Pressure-Signals/
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