MoneyBible QTUMUSDT AlertMoneybible BINANCE:QTUMUSDT backtester on 15m candlestick . It will be re-optimized monthly.
The script is written in PineScript V.3, makes no use of the security() function and does not use the Trailing Stop-Loss function from TradingView. No repainting issue.
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Backtester here :
Binancesignals
Binance MAs ForecastBinance MAs Forecast
From an idea of Bull Of Bitcoin
Coding performed by GM_Hedge_Fund
The study is focused on the forecast of the 7, 25 and 99 MAs.
The MA simulate the ones present on Binance Exchange.
The script:
Plots 7 (grey), 25 (blue) and 99 (purple) MA on the chart in overlay
Plots the possible continuation of the 7 (grey), 25 (blue) and 99 (purple) MA on the chart in overlay for 6 further candles after the current one
The script is meant to be used in the following timeframes:
1H = for day-trading, gives 6H forecast
4H = for swing-trading in short periods of time, gives 24H forecast
1D = for weekly forecast and trend analysis, gives 6D forecast
Disclaimers
The tool is a Forecast which means is NOT the reality and it can be wrong.
The algorithm is dynamic: it changes the plot of the forecast at every candle. Monitor your position even after a clear signal by the indicator.
Suggestions
I strongly recommend to use proper stops and take profits orders.
Suggestions:
The script is meant to be displayed on a naked chart (no other indicators) with light background to facilitate the reading.
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His precious idea lead to the creation of this indicator.
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