TradingView
pavlaras
28 mar 2019 18:37

GoldenBoi Indicator 

Ethereum / BitcoinBinance

Descrizione

It's focused more on swing/position trading. Change the settings to find the ideal setup based on your trading style.

Peace.

Note di rilascio

1st Release.

Note di rilascio

Check the strategy version of the script here (tradingview.com/script/uocIIju3-GoldenBoi-Indicator-Strategy/) for backtesting purposes.

Note di rilascio

Update: Added alerts for long/short signals.

Note di rilascio

Visual Updates.

Note di rilascio

Not sure why people use this indicator as it is highly underdeveloped & not optimized for anything. The idea behind this indicator was to smooth out the signals from RSI by producing long/short signals based on RSI/EMA of RSI crossovers. I don't have time to improve it but if anyone wants to check the source code, here it is:

//@version=3

study(title="RSI-EMA_GB", shorttitle="RSI-EMA_GB", overlay=true)

src = close

len = input(14, minval=1, title="RSI Length")
len2 = input(14, minval=1, title="EMA of RSI")

up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)

rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
emaRSI = ema(rsi,len2)

// plot(rsi, title="RSI", style=line, linewidth=2, color=aqua)
// plot(emaRSI, title="EMA of RSI", style=line, linewidth=2, color=red)

// band1 = hline(80, title="Overbought", linestyle=dotted, linewidth=1, color=gray)
// band2 = hline(55, title="Bought", linestyle=dotted, linewidth=1, color=gray)
// band3 = hline(45, title="Sold", linestyle=dotted, linewidth=1, color=gray)
// band4 = hline(20, title="Oversold", linestyle=dotted, linewidth=1, color=gray)

// fill(band1, band2, color=aqua, title = "Bullish", transp=90)
// fill(band2, band3, color=white, transp=90)
// fill(band3, band4, color=red, transp=90)

plotshape(crossover(rsi, emaRSI), style=shape.labelup, location=location.belowbar, color=green, transp = 20, text = "Long ", textcolor = white, editable = false)
plotshape(crossunder(rsi, emaRSI), style=shape.labeldown, location=location.abovebar, color=red, transp = 20, text = "Short", textcolor = white, editable = false)

alertcondition(crossover(rsi, emaRSI), title = 'Long Signal', message = 'Long Signal')
alertcondition(crossunder(rsi, emaRSI), title = 'Short Signal', message = 'Short Signal')
Commenti
Mokupi
I like this indicator is so powerful add the reboot on this indicator please
cmbezln
does this repaint?
pavlaras
@cmbezln, nope.
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