bizdicator

29 may

tired of seeing anons get btfo

How to use it
There are two types of signals, the Bogdanoff signals (📞) and the mumu/bobo signals (🐂/🐻).

The signals are not meant to show an exact top or bottom or exact timing but a general 'area', like a heads-up notice. In other words, don't just buy and sell when one shows up.
The signals are basic TA and meant for short/medium term but you can coordinate using other timeframes if you wish.

📞 The Bogdanoff signal shows up when price is extended up or down. It indicates that a reversal is probably coming AGAINST the current trend. The reversal can be big or just a small correction. You can use it to trade the reversal, take profits, or simply avoid bad entries.

Caution: sometimes, if the trend is really strong, the signal will show up but the continuous buying or selling keeps pushing price and there is no reversal or it's delayed. Also, during breakouts, you might see the signal show up too but the breakout succeeds and continues in the direction.

🐂/🐻 The bull/bear signal (or bobo/mumu) is similar except less intense and actually WITH the current trend instead of against like the Bogdanoff signal. Think of them like 'dips' that reverse price back in the direction of the current trend. It's best used as a notice that we are in a good area to enter in the direction of the current trend. If this area doesn't hold, then the bull/bears are having a hard time holding their trend (see caution below).

Caution: sometimes, the signal will show up but the trend is reversing and so that 'dip' will not work. Again, these are not meant to be buy and sell signals but rather a heads up of the area we are in.

You may have noticed the signals have a trend filter in the background (essentially a 10ma and 100ma crossover). This is why sometimes signals may show up and other times not despite similar price action. The trend filter is medium term.
The other parts of this code is an oscillator using a 14 period that I developed. It's similar to an RSI and nothing out of this world but I would like to keep the code private. Another part is the orange and blue signals described in another post below.

There is an alert feature programmed in if you are interested.

Examples
- You want to fomo in long but you see a Bog signal with a red background. Red indicates we might turn down. You avoid going long and shortly after price reverses down. Maybe you even went short based on your own TA with the help of this indicator and caught a reversal.
- You see a Bog signal and hold off going long. Price falls but you believe this security is still bullish because of other information you have. You buy the dip, price recovers, and pushes to new highs. The Bog signal was a temporary fall in price that saved you from a bad entry. In strong trends, you'll often see reversal signals that are only temporary, either hold through them or buy dips.
- You're not sure if you should buy a mumu signal. You buy the dip and place a stop below recent dip lows. Price continues in the direction of the trend. Great success. Note, since it's an area and not a timing indicator, if you get stopped out (because of volatility, for example), the signal may still be valid.

Development
I may update the signals if I see a way to improve them but they are pretty basic TA with nothing much to go on. The indicator is meant to help newer traders stay out of trouble (📞) or give them an idea for areas to enter a trade (🐂/🐻). A complementary concept to add as a new signal is a decrease in momentum (theoretic opposite of the Bogdanoff or a.k.a. divergence) but it complicates the indicator so i will leave it to you to learn it. But its the second general way a market can reverse.
Don't hesitate to post below if you have suggestions, questions, or comments.

30 may

Notas de prensa

Added orange and blue background signals. Those don't have a label. Their purpose is a less intense Bogdanoff signal that shows up more frequently. Great for avoiding bad entries (unless of course it's a breakout, you get it by now). Basically, orange means overbought and blue means oversold. They are neat for day trading reversals. I based the logic off of OrcChieftain's "Retail Positioning" indicator on tradingview.

5 jun

Notas de prensa

Updated the alerts to now include the blue 🟦 and orange 🟧 signals.

You can set which type of signal you want alerted (like Bog only, for example) by de-selecting the ones you dont want from the indicator settings and then creating the alert. If you still want to see the other signals, enable them again in the indicator settings after you created the alert. It will not affect the alert you previously created.

All alerts trigger once, on the close of the bar. Given how Tradingview works, it will only trigger on the open of the next bar. Meaning if you create an alert on the daily chart, it will only alert you on the next day/session open.

By the way, you can hover over a label for a fun little tooltip.

5 jun

Notas de prensa

Alert descriptions visual tweak

21 ago

Notas de prensa

Some tweaks to Bog signals. Though they generally remain the same.

Updated bobo and mumu signals:
We’re really cooking now. The mumu and bobo signals are more frequent and will show up at nearly every opportunity in the respective trend. Again, they are not buying and sell signals but rather indicating the area where bobo or mumu should step up and take control again. More of them appearing does not make it more potent.
Have a look at the image below explaining a scenario.
Link to image

Some tips:
-how to trade them: use your own timing or price action methods while knowing youre in the right area. You can change timeframes to a lower one and time it there. If youre not sure where the bottom is, you can scale in with a wider stop. It’s best to enter them below, on, or just above the 10 sma. For example, if a mumu signal appears, a low is formed, but price already had a strong rebound well above the 10sma, it may be a bad entry for this signal and you’re chasing. Another way to measure it is if the mumu signal is the low, and a red bog signal is the high, try to buy below the halfway mark of this swing, closer to the low. Second, trading the signal failure in the opposite direction (short as the mumu signal is failing) works too and is a breakout type of trade, if that’s your thing.
-you can draw a support for mumu signals or resistance for bobo signals on the bar or around the high/low of the area where they show up. The high/low and the signals are usually in the same area or off by a few bars. This is usually the area where price should resume back up. The image shows a scenario where both of these fail to give you an idea of what it should not look like.
- A mumu or bobo signal might be a bog/blue or orange signal on a lower time frame.
- Failure of bobo/mumu signal gives us helpful of information as to what’s happening.
- They have a tendency to appear early, let price correct some more. They may also keep appearing as price moves more in that direction if it’s on low momentum (there is a cut off, which is also when they start failing). This is why it’s an “area” and not an exact price level. it's best to put them in context of the chart’s supports and resistances, they work together.

Other changes:
De-coupled the background colouring from the emoji signal plots.

Future plans: adding the loss of momentum signal. Many markets turn with a whimper instead of a bang, so I wish to add this signal. In doing so, it would sort of “complete” the indicator as a full price action analyzer (it does not use volume btw).

Neat thing about the indicator is it works on all sorts of charts where emotions and cycles are at play such as credit spreads (BAMLH0A0HYM2) and yields.

Signals tested on intraday US stocks and SPY as well as daily, weekly, and monthly charts of US stocks and major ETFs like GLD, TLT, and bitcoin