INVITE-ONLY SCRIPT
Reversal Magic BTC [Loxx]
Aggiornato
What is Reversal Magic BTC [Loxx]?
Reversal Magic BTC is an indicator that probes momentum and volatility for extreme values up/down to determine where possible reversals may occur for BTCUSD or BTCUSDT pairs. This is a highly specialized indicator tuned only to BTCUSD or BTCUSDT pairs and it only works on the daily timeframe. If you try to use this on any other ticker or any other timeframe other than the daily, then you'll see the indicator pop up with an error next to its name.
Settings
This indicator has two very simple settings:
1) High/Low period to probe highs and lows over the last XX candles
2) Volatility period to calculate the average volatility over the last XX candles
█ How do you use this?
Reversal trading
Ideally you would pair this indicator with a volatility indicator that shows volatility levels from closing price and then set a take profit level at 1x sigma up or down, and stoploss at 1.5x sigma up or down depending on the direction of the trade. Please note: reversal trading is extremely risky as a trend has not yet been established to confirm market direction.
The following indicators are ideal for this scenario
Profit Bands
![Profit Bands [Loxx]](https://s3.tradingview.com/q/qTkaeBvQ_mid.png)
Multi-Panel: Trade-Volatility-Probability [Loxx]
![Multi-Panel: Trade-Volatility-Probability [Loxx]](https://s3.tradingview.com/s/SOo338Gf_mid.png)
Swing Trading
This indicator can also be used as an exit indicator to be paired with a trend trading system where you would exit at the extremes up or down.
Reversal Magic BTC is an indicator that probes momentum and volatility for extreme values up/down to determine where possible reversals may occur for BTCUSD or BTCUSDT pairs. This is a highly specialized indicator tuned only to BTCUSD or BTCUSDT pairs and it only works on the daily timeframe. If you try to use this on any other ticker or any other timeframe other than the daily, then you'll see the indicator pop up with an error next to its name.
Settings
This indicator has two very simple settings:
1) High/Low period to probe highs and lows over the last XX candles
2) Volatility period to calculate the average volatility over the last XX candles
█ How do you use this?
Reversal trading
Ideally you would pair this indicator with a volatility indicator that shows volatility levels from closing price and then set a take profit level at 1x sigma up or down, and stoploss at 1.5x sigma up or down depending on the direction of the trade. Please note: reversal trading is extremely risky as a trend has not yet been established to confirm market direction.
The following indicators are ideal for this scenario
Profit Bands
Multi-Panel: Trade-Volatility-Probability [Loxx]
Swing Trading
This indicator can also be used as an exit indicator to be paired with a trend trading system where you would exit at the extremes up or down.
Note di rilascio
Added alertsScript su invito
L'accesso a questo script è riservato agli utenti autorizzati dall'autore, solitamente dietro pagamento di una commissione. Puoi aggiungerlo ai preferiti, ma sarai in grado di utilizzarlo solo una volta ricevuto il via libera da parte dell'autore. Per ulteriori informazioni, contatta loxx o segui le istruzioni dell'autore riportate di seguito.
TradingView non suggerisce di pagare per uno script e di utilizzarlo a meno che non ci si fidi al 100% del suo autore e non si comprenda il suo funzionamento. In molti casi, è possibile trovare gratuitamente una buona alternativa open-source nei nostri Script della comunità.
Istruzioni dell'autore
″This indicator is only available to ALGX Trading VIP group members. For instructions on how to access, send me a private message here on TradingView or message me using the contact information listed in my TradingView profile.
Vuoi usare questo script sui tuoi grafici?
Attenzione: leggi prima di richiedere l'accesso.
Public Telegram Group, t.me/algxtrading_public
VIP Membership Info: patreon.com/algxtrading/membership
VIP Membership Info: patreon.com/algxtrading/membership
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.