Welcome to the coffee shop everybody I am highly highly highly excited about the new developments taking place with the CoffeeShop Crypto HARSI 2022
Don't let the name of the indicator fool you it can be used on more than just crypto you can use it on all markets or any markets that you choose to use it on.
As you know the indicator was released sometime ago and I really want to give a big thank you to all the people who come through Boost the script as well as use it on their charts it's really nice to see you guys doing that and I want to let you know that I get information I get indications of that taking place and I do make sure to follow you because I want to know what it is that you're up to and I want you to see what I'm up to.
okay now that we're done with the introductions and all the salutations and make you feel good about yourselfes let's get into what's happening with the CSC-HARSI.
Make sure to take a look at the attached video above because you're going to see and hear me discussing the new implementation of 2 types of alerts and indications that show up on the indicator itself.
One indication is when it is going to be telling you to Bi-Lo another indication is going to be when it tells you to go long. That is related to people who want to go bullet in the market and Buy Low sell High. "Bi-Lo" Means that the trend is about to reverse or that if you're in a ranging Market you can buy at this very low price. Shortly after that you'll end up getting another indication saying "Go long". This means that you've already bought at the lowest possible price in a safe place and now when it says go long you can set your trade and take profit levels. So "Buy Lo" does not mean enter into the market and set your take profit it simply means that you buy shares at a low price.
The other indications that will show up will be simply the reverse of that. One would say "Buy Hi" which means you just accumulate shares or coins or what have you so that you can short them later on. A little while after that you'll get another Indication that says "go Short". This means that you've already accumulated shares at a high value and now you're going to "short" them.
In the attached video you'll be able to see how to use the coffee shop crypto and when and how do you use these two separate alerts for example "Bi-Lo" and "Go-Long" or "Buy-Hi" and "Go-Short"
As of the recording of this video in the publication of this idea do not look for the information related to that in the coffee shop crypto heart see this is simply an idea to let you know what's coming up next.
and add it to your chart and when I published the new version of the code which will be with somewhere in the next 24 hours I hope you'll get an indication from tradingview and it'll say hey has been an update to this script go and get the new one. At which point you would simply delete the coffee shop crypto from your trading chart, then you would end up going to the Community Scripts and typing in CoffeeShop Crypto 2022 And re-add it to your chart.
So again make sure you watch the video that's attached and if you have any questions go ahead and drop them below if you just simply excited about it go ahead link a comment about that below as well.
@CoffeeshopCrypto, but unfortunately it's not quite clear to me how to recognize the entry in the new indicator. as i suspect i get a lot of fail trades. where do I put the fib tool? is there a video for the new indicator?
I'm using k 21 d 5 stoch rsi length 14 rsi length 50
rsi length 14
vwap 50 2
CoffeeshopCrypto
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@vhor2516, Just an FYI. You VWAP will always be the same length as your RSI. So since you have your RSI set to 14, your VWAP is automatically locked to that same 14. Go ahead and try to change the VWAP length setting. Youll see you can set a number but nothing on the indicator MA line will change.
When using VWAP as your moving average, its locked to the RSI on purpose. Otherwise you will get false cross and breakout readings, and you dont want that.
Viktor2516
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nice vid bro. what settings are using actually for csc-harsi? I'm scalping on 15 minutes
CoffeeshopCrypto
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@vhor2516, recently i updated the CSC-HARSI here in TV to open up with my default settings so yours are matched pretty much the same as mine