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Time to make a moveFor a while whe're forming a big pennant formation. BTC build a good looking support, but lost it. Then BTC formed a big, perfect range (nearly a 10% range), wich is a dream for traders. But the pressure of the triangle seems to take the upperhand now. So now BTC is almost at the top of this pattern and has to decide we make a move up or down. If we break and lose the pennant and channel, this can be a nice short. But if we break and gain it, I wil add my postion and go long. I am curious for the next move. Just be patient and good luck
by YoshiUp
4
Decide-Long-Short//@version=2 study(title="GreenRedSignal", shorttitle="BuySellSignal", overlay=true) // Script created by JoinFree // BollingerBands added for reference // Buy Long when you see a Green colour bar // Sell Short when you see a Red colour bar mysignal = ema(close, 12) - ema(close, 26) barcolor(mysignal > mysignal ? green : red) source = close length = input(20, minval=1), mult = input(2.0, minval=0.001, maxval=50) basis = sma(source, length) dev = mult * stdev(source, length) upper = basis + dev lower = basis - dev plot(basis, color=red) p1 = plot(upper, color=blue) p2 = plot(lower, color=blue) fill(p1, p2)
by Kellyville