Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Descripción
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A new indicator for you guys to try out, it measured the squeeze % of several MA's and combines them in a super trend-% (where 0 is low squeeze and 100% is where all MA's are crossing on same price)
You can use different period lengths and enable the composite-% for display if you want to see all the data that makes up the super trend.
The indicator uses the 10, 20, 50, 100, and 200 SMA.
This is awesome. Any chance of opening it up to be able to change SMA periods or remove some periods.... For instance if I just want 20/50 or 8/13/20? Thank you.
TheTrex
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@Maro73, The point is that it uses many MA's. If you're just going to use 2 SMA's it is same as looking for a cross.
TheTrex
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@Maro73, Maybe a future improvement is to use arithmetic decay for the weights of each MA. E.g. you could enable arithmic weights from short-term to long-term or vice versa to emphasize different perspectives while you trade.
@s0ft, You can try to experiment with it on daily. Look here I use a period of 500 days to show the squeeze and the normalized price trend.
You can see the normalized trend basically bottomed and there was a huge squeeze that made it push the normalized trend up calling for a new uptrend.