Dump Detecter uses Stochastic RSI to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Change settings to lower timeframe for scalping. Pump signals can be turned on with tickbox.
Default Settings are not the usual Stochastic RSI setup and have been tuned to bitcoin 3hr chart: Timeframe = 3hrs smoothK = 3 smoothD = 3 lengthRSI = 6 lengthStoch = 27 src = close
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Added a range filter for pump and dump detection, It was set to only pickup crossovers/crossunders over the 50 line on the Stochastic RSI indicator. Now default settings is to pick up all crosses. To use those old settings adjust "crossover/under must be greater than" to 50. Traders can choose to only pickup dump signals when Stochastic is overbought by making min value 80 and max value 100. Likewise for the opposite detecting pumps only in oversold range by setting min value to 0 and max value to 20.
Great work dude! Thank you for sharing. I’m excited to try this out!
Joeanucha
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Hi, very nice work! One question: Do i need to set lengthStoch = 27? is the result much better then the 14?
veryfid
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@Joeanucha, Hi, the default setting on this indicator is 27. It is also set to the 3 hr timeframe, you can change this to lower timeframes if you want it to be more sensitive. 27 focuses on larger down trends while 14 will pick up more smaller dips and trigger more often. You can tune it in to whatever you are looking for by adjusting the lengthRSI, lengthStoch and timeframe numbers.