OPEN-SOURCE SCRIPT
Detect Sequential Trading - Bot Detector
Updated
Detect Sequential Trading - Bot Detector.
This tool requires access to volume data.
There are many trading bots out there, that trade 24/7.
The detector can be used to understand how the bots are configured - to push the market up or down.
Alerts can be set to fire whenever a bot pattern is detected.
They must be configured to run Once per Bar.
It works well with range charts (1R).
It would work best on 1 second charts or tick charts (currently, TradingView's alert system doesn't work with second charts).
The alternative would be 1 minute charts.
It can be used on higher timeframes but may be less effective.
This tool requires access to volume data.
There are many trading bots out there, that trade 24/7.
The detector can be used to understand how the bots are configured - to push the market up or down.
Alerts can be set to fire whenever a bot pattern is detected.
They must be configured to run Once per Bar.
It works well with range charts (1R).
It would work best on 1 second charts or tick charts (currently, TradingView's alert system doesn't work with second charts).
The alternative would be 1 minute charts.
It can be used on higher timeframes but may be less effective.
Release Notes
Updated the chart to use the 1 second timeframeAdded strategy components to easily switch between Study and Strategy modes, instead of publishing a different script
N.B.: This tool is not meant to be a stategy, but the Strategy mode is good to instantly test different configs
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discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.