Super AlgorithmIf you make a loss, I am not responsible for it. Please use this with caution that includes proper risk and money management.
When I see a sell signal, I may short &/or close my long.
When I see a buy signal, I may long &/or close my short.
The signal is most relevant for the exact time it comes on the chart. When the bar closes, it does not repaint.
The signal can show up and disappear on a running bar. It DOES NOT repaint once the bar is closed.
Do realize that on bar close, the price may have moved significantly, and the signal may not be relevant anymore. So, it needs to be used with caution whether one uses this as soon as a signal appears or on bar close. This is not suitable for the highly large timeframe (ake over 1day). I use it on 1 day and monthly on the lower timeframe.
My primary motivation for building this was three -
1) To ensure I am not addicted and not looking at the chart 24/7
2) To ensure I do not spend a lot of time & resources on multiple indicators
3) I have a consistent profit that can help me in my poor living expenses.
4) Recently, during the huge drawdown, I noticed that my other indicator () was unable to act as quickly as needed as the volatility happened in the lower timeframe. It made me realize that I need to do something to protect my capital in the future. Hence, the idea for this indicator.
5) I use this indicator alongside my other indicators that are showing the chart as well.
In the chart above, I am using
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* And this indicator
You do not need to use all of these indicators. I have them always on my chart as I showed above.
The buy and sell shown with a blue background is the one coming from this indicator. The only thing that one can customize is colour.
This indicator differs significantly from my other indicators. This indicator prints less signal as careful work went in to reduce noise as much as possible and is to be used for 1 day or less tf.
I use it alongside other indicators for confirmation bias. The other indicators I use are the ones that come from me as well as shown on the chart.
This can possibly be used for other instruments. As I only use it for trading BTCUSD, I have crudely tested for BTCUSD after the dump and has been doing ok so far.
The code is written in Version 4 of pine script. If there are bugs, please let me know.
For info on gaining access see the ⬇ link below ⬇ in our signature field & direct message me. I have a busy schedule at my own workplace. Trading is my hobby. Hence, please be kind to me if I am late in replying
