Candle Surf Signal

This script works very well for all assets across various timeframe charts. Good for use with scalping, long term swings, or in combination with multi-timeframe trading.

Surf the candles!

Sürüm Notları:

This script is an improvement to the original Candle Surf indicator. This version allows for better custom control over period length and channel length. Typically both numbers are set to the same, but you can experiment by changing them to be different if you want.

This script works well for all assets across various timeframe charts. Good for use with scalping, long term swings, or in combination with multi-timeframe trading.

Green arrows and green backgrounds indicate a buy condition.
Red arrows and red backgrounds indicate a sell condition.

Typically you would enter trades at the beginning of a new series of green arrows/red arrows. Successive arrows of same color indicate the condition is still true. No colored backgrounds with no arrows indicate a neutral condition.

Surf the candles!

Sürüm Notları:

Symbol change, timeframe change

Sürüm Notları:

Title edit, input label edits.

Sürüm Notları:

Added candle filters. Candles opposing the signal direction are now "neutral", showing no signal or background coloring.

Updated chart to Coinbase: $BTCUSD 1W

Sürüm Notları:

Added fast/slow length controls for convergences/divergences
Added MA smoothing

******recommended to keep the same ratios of the settings inputs. For example, default settings are 20,40,20. If you want the indicator to react faster, lower the numbers but be sure to maintain the same ratio: 10,20,10 or 5,10,5 or 7,14,7....etc.******

Sürüm Notları:

Renaming of settings labels

Sürüm Notları:

Edited Moving Average setting

Sürüm Notları:

Added momentum threshold setting

Sürüm Notları:

Updated code to V4 Pinescript

Sürüm Notları:

Updated V4 code, input labeling

Sürüm Notları:

New Labeling and Signal Indications.

Sürüm Notları:

Updated to Version 5 Pinescript. Improved accuracy changes.