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TTP Breaking Point

This signal uses information from
BTCUSDLONGS and
BTCUSDSHORTS to forecast tops and bottoms.
The idea behind is very simple.
We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended.
You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies.
The signal offers a backtesting stream: 1 for buy and 2 for sell.
Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.
The idea behind is very simple.
We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended.
You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies.
The signal offers a backtesting stream: 1 for buy and 2 for sell.
Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.
Nota Keluaran
Added alertsAdded option to select custom symbol: this will allow the user to find similar setups on ALTs.
Nota Keluaran
v0.3 brings cool new features to make the indicator more easy to use.1) No need to manually select the corresponding Bitfimex USDLONGS/USDSHORTS symbol we do it for you by default as long as the coin is available in bitfimex
2) Option to override the automatic selection of USDLONG/USDSHORTS. Why? because you might want to use this indicator in a chart of one coin while showing signals from another one. Example: trade ADA while seeing Breaking Point signals from ETH. Specially useful for correlated coins.
3) If the asset is not available on Bitfimex an error window will make you aware (try the PEPEUSDT chart for example).
Nota Keluaran
Changes in the lookJoin our membership to gain access to the private scripts.
patreon.com/c/thetradingparrot
patreon.com/c/thetradingparrot
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Join our membership to gain access to the private scripts.
patreon.com/c/thetradingparrot
patreon.com/c/thetradingparrot
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.