OPEN-SOURCE SCRIPT
Actualizado Investment Protector - A Rule of Thumb V1
The Flash Crash of September 8 showed once more how many are falling to greed. On top of it one also add leverage to long positions. It's just insane the risk people are taking. Anyhow, for all my noobies and friends here is a very very simple indicator that shows when NOT to buy nor increase positions and when there is window of opportunities.
A few remarks:
TA speaking:
* The scripts uses EMA and RSI only.
* Bearish divergence will be added in V2.
disclaimer: yes, not financial advise. It's educational.
A few remarks:
- This script does NOT provide trading signals
- Merely points out windows of opportunities - candles with green background. You still need to find the entry in this area yourself. Apply geomeric Technical Analysis, use indicators or divergences.
- Windows of opportunities can still go south, use the stop-loss! (and check for bearish divergence)
- The script urges you NOT to trade below ema200 of the 4h timeframe, which is marked with a red background (the most smooh timeframe there is).
- Push yourself to take profits. It is marked with on the cancles to support you. Yes, it could always go higher, but try to avoid to be in a crash (and again, use a stop-loss at all time. You can make it a generous one if you want, fine. As long as you have one.).
TA speaking:
* The scripts uses EMA and RSI only.
* Bearish divergence will be added in V2.
disclaimer: yes, not financial advise. It's educational.
Notas de prensa
V1.0.1- Typos, extended usecase description/purpose.
Notas de prensa
- Updated the rules on when to show the CONSIDER and DON'T TOUCH labels.
Notas de prensa
- Improved the CONSIDER and DON'T TOUCH LABEL (will add divergence to it to filter it even better - e.g. not to touch it after a for a longer time after a bearish divergence)
- the EMAs are now fixed to hourly. Use the hourly timeframe for best results.
Notas de prensa
- Updated BTC chart to make it more clear how it works
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.