Disclaim: By using or requesting access to this indicator, you acknowledge that you have read and accepted that this indicator is for study purposes only and it does NOT guarantee you will make money. I am not financial adviser and I am NOT responsible for any profits or losses you may incur by using this indicator. Users should make their own decisions, carefully assess risks and be responsible for investment and trading activities.
Indicator Description Visibility:Protected This indicator helps traders understand the movements of the underlying profitability of a trading security in different time dimensions. For day trading, keeping a position is risky and costly, a popular strategy is to open a position ONLY when volatility is active, in other words, only when profitability is back. This indicator calculates and displays price movement percentage of MACD cycles, highlights those MACD cycles that are over the profitability threshold, helping traders identify range area, the start of a new trend and the fading of a trend. Multiple time frames: This indicator is designed for day trading, so suggested time frames are: 3m, 5m, 15m, 30m, 1H. Users can try other time frames (< 1D) if they find it useful. Range area in general: a small green column and a small red column appear alternately, or most columns are gray within the period. The start of a new trend: an outstanding green or red column means the MACD cross brought a price change that was higher than the profitability threshold, which could mean a new trend, especially when it was from a range area. The fading of a trend: for instance, when green columns are getting smaller and red columns appear, a fading of bull trend could be on the way. Format Configuration: Profitability Threshold: a percentage of price movement within a MACD cycle that a user thinks is good to define profitability, defval: 0.8%.
PRO Version of this Indicator: Profitability Meter for Day Trading - PRO (Invite-Only) Alert Function: allowing user to set alert for price change with profitability, or set alert for statistics results. Statistics with Customisable Time Span: Percentage of MACD cycles with profitability, the average of price change(%) and MACD cycles count. Users can customize the time range by days,hours or bars (up to the maximum backtracking value that Tradingview allows).
Related Indicators: Crypto Currency Profitability Rankings Standard with Popular List (Protected): This indicator calculates and generate a ranking of profitability from a popular list of crypto currencies, based on MACD cycles within user-defined time span, helping crypto traders to find the trading securities that suit their risk and volatility preference. Crypto Currency Profitability Rankings PRO with Customisable List (Invite-Only): Contact the author for a free trial.
高级版本功能: Profitability Meter for Day Trading - PRO (Invite Only) 预设警报:方便用户为赢利性变动和统计学结果设置警报。 统计功能:过去特定时间段的可赢利波动的百分比,波动百分比平均值和MACD周期计数。用户可以自定义时间幅度:可以用天数,小时数,蜡烛数(上至Tradingview最大回溯值)
相关指标: Crypto Currency Profitability Rankings Standard with popular list (Protected) 加密货币获利机会排行指标 标准版 热门列表(保护,开放使用权): 指标计算和比对一组热门虚拟货币的可赢利属性 - 基于MACD波动周期和用户自定义的时间周期,帮助交易员发掘最适合自己赢利和风险偏好的交易品种。 Crypto Currency Profitability Rankings PRO with Customisable List (Invite-Only): 加密货币获利机会排行指标 PRO - 自定义列表
------------------------------ Disclaimer Update ----------------------------------------- By using or requesting access to the indicator, you acknowledge that you have read and accepted that the indicator and any related content, including but not limited to: user manual, tutorials, ideas, videos, chats, emails, blog, are for the purpose of trading strategies studying and paper trading. If a customer or user uses the indicator or related content mentioned above for live trading or investment, she/he should take all risks and be responsible for her/his own trading and investment activities. The author of the indicator cannot and does not guarantee that the algorithm, calculation, result, signals, etc. generated by the indicator is accurate, reliable, current, complete for your needs.
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