This is an indicator based on Turtle trading mechanics. I've been playing around with the original script shared by @tmr0, and extended mine with fun emoji indicators that calculate exit prices from the original turtle strategies.
The Turtles used a 20-day (short) and 55-day (long) moving average to determine buy and sell zones, these can be played with in the inputs area.
Legend
-- 🔥is an 'Enter Short' with exit price (represented by ✋read price by hovering over and reading first value in indicator) -- 🙈is an 'Exit Short' which is not necessarily a sell, more of a 'be careful, don't get greedy' -- 👍is an 'Enter Long' -- 💩is an 'Exit Long', generally should be seen as a get the f*ck out situation based on trends
Features
-- show/hide short and long enter/exits -- alerts -- emoji
Please let me know your thoughts.
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Update exit and enter prices.
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Add Exit Short alert
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Update to 10 days
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Update to Pine Script 4
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Updates
-- add tooltips with pre-calculated stop loss prices -- use 5 MA for crypto (higher volatility markets) -- use 20 MA for stocks (lower volatility markets)