This indicator gives you several confirmations of a good entry and exit positions for Crypto currency like bitcoin and most alt coins. I use this on a 15min, 30min, 1hour, and 4hour chart for best results.
How to use:
Entry Signals: -A candle closes above the NMA (Yellow Step Line). AND -You see a Long (text) flag. AND -The candles are near the bottom of the Bollinger bands and heading upwards.
Exit Signals: -Candles have passed below and closed below the NMA (Yellow Step Line). AND -You see a Short (text) flag.
It's important to use these confirmations with other indicators so you have the best entry/exit positions, and make sure you are on normal candles and not HA or any other types.
There are alerts built in that you can setup for the Short and Long text flags that you see. These are generally good alerts to follow. I use the alerts as a reminder to check the charts and see if my other indicators line up for a good trade.
Hey, may I know why the alerts are only triggered after 2 candles? By right should be delayed by 1 andle since alert is on "per bar closed". Say I'm on a 5 min chart.
8:00 - printed upon candle close.
8:05 - no alert triggered (by right, it should)
8:10 - alert triggered
Please help.
tvtrial20212022
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@countseven12 , Hello sir i have also seen this issue. The alert is generated two candles later rather than one. can you please advise if there is some settings to be changed in the indicator. I am just using the stanard default setting and havent touched anything. Is the offset value to be made to -1?
bkbjakdk
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@FarhatBmdhj, if you look at the script on line 100 and 101, there's an ", offset=-1". This means that the label is actually drawn 1 bar earlier than it is triggered. Which is baffling to me, but you can copy the script and remove that part of those 2 lines. Then it correctly labels the candle which closes with the signal.
EpaJesus
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Hello, can someone explain what are the best values for the indicator?
MarketVisionAlgo
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@countseven12 Hello sir , i m using your statergy ,but i m confused ,
jcking48
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Does this work with stocks?
jellegeerts9
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Does the bollinger band change with even timeframe. Because I would like to change the lenght. But the rest of the indicator is perfect
erenapo008
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can I change this code to phyton ?
KriptonVvV
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hello, how can I back test this indicator? is there a strategy file?
8:00 - printed upon candle close.
8:05 - no alert triggered (by right, it should)
8:10 - alert triggered
Please help.