The PRISM Signals appears to work well especially at lower time-frames (even down to 5 min candles). The key is to maximizing true-positives is to carefully optimize the input parameters and scoring weights and detection thresholds for a specific given chart and timeframe.
See also the 5 mins chart:
Also shown here is the PDF script, which provides: dynamic Fib levels, pSAR indicator, as well as 2 levels standard deviation bands (disabled here). The thickest green/red limes are the local-top/bottom lines. Adjust the Fib Input Range accordingly to ensure that the local highs/lows are accurately captured. The 61.8% levels are the thicker blue lines, and the purple lines are additional levels derived base on the mathematical conjugation between Fib levels. Again, it is highly recommended to carefully check/optimize the input parameters for a given chart/timeframe against historical trends before proceeding to use it. This script also provides consecutive higher/lower-highs/lows detection, which is disabled here.
Various features of these scripts can be manually Enabled/Disabled by the users to keep the chart neat. Even though these scripts are constructed from a set of indicators, it is still highly advised to be used in conjunction with other analysis such as: trendlines, volume, and other indicators, etc., as well as analyzing and comparing with higher/lower timeframes, to help filter out or identify possible risk of false-positives to maximize your success rate.
========================================================== Indicators used: PRISM Signals (Color and Stdev bands disabled here) -- Algorithm to generate scoring-based bullish/bearish signals derived from the PRISM oscillators set.
PDF {pSAR /w HiLo Trends + Fib Retrace/Extension Levels} -- Parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level.
Ichimoku Cloud {Cybernetwork} -- Ichimoku Cloud with modified parameters.
Related Indicator: PRISM Oscillator -- pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators
Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades. Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko (=^~^=)v~
Nota
Note For the PDF Fib levels:
The 61.8% retracement levels are the thicker blue lines.
The 61.8% extension levels are the thicker orange lines.
Nota
Additional MACD, Ichimoku, as well as Stdev based filters and scoring modifiers now added to the code and optimized to increase rate of successful prediction signal triggers and to reduce the occurrences of false-positives.
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.