OPEN-SOURCE SCRIPT
Boom Hunter Pro
Updated
Boom Hunter Pro is the ultimate indicator for targeting perfect long entries and epic shorts. Boom Hunter comes with a super fast oscillator that uses Ehlers Early Onset Trend (EOT). This is the Center Of Gravity Oscillator (COG) with a super smoothing filter and a roofing filter. This indicator is tuned for 1 hour charts but can be used on any time frame.
Colored bars can be turned on to assist in finding an entry. Purple signifies a drag and potential dump.
Fibonacci lines can be turned on to track price action and find entries/exit.
This indicator follows the same rules as COG. For more information please see my COG HOWTO here:
Colored bars can be turned on to assist in finding an entry. Purple signifies a drag and potential dump.
Fibonacci lines can be turned on to track price action and find entries/exit.
This indicator follows the same rules as COG. For more information please see my COG HOWTO here:
Release Notes
Tweaked the price line to assist in entries: Line will now turn lime as soon as there is a crossover.Added extra alerts:
-Crossover and crossunder with pressure (green/red dots).
-Crossover and crossunder at market low or at market high (white line at top or bottom of indicator) .
-Overbought orange and red.
-Continuation.
Release Notes
*** Version 1.02 ***Now includes a downward boom line, Its the same as the yellow line but for finding tops and short entries.
Ive only included one type of short signal for now to avoid the indicator lighting up like a Christmas tree.
There is also an option to square the lines which helps filter out noise. The examples below both show indicator with downward boom line turned on and short entries turned on. The bottom Indicator also has square lines tuned on. Please note that these options are still in development stages but I thought I would release it for now as nothing helps progress like feedback from people actually using it. Next release will feature more short signals and general bug fixes.
Release Notes
*** Version 1.021 ***Minor update: Default settings now include square lines, downward booms and short signals.
Release Notes
** Version 1.022 **Minor bug fixes: Support and resistance break lines now work. Removed some unnecessary settings such as x and y axis. Added option to turn off long signals.
Default setting change: I have changed the default k1 setting for the oscillator from 0.3 to 0. This affects the roofing which looks like a magnetic pull and now has a more natural look.
Release Notes
-Added short alerts-Added requested bounce signals and alerts. This triggers after 1 pressure dot is detected.
-Updated code to pine script 5.
This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) creativecommons.org/licenses/by-nc-sa/4.0/ and is not permitted for commercial use without permission.
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.
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