PROTECTED SOURCE SCRIPT
Güncellendi

[CRTT] Dragon Trend

939
Modified Sonic R system based on Wyckoff logic to indicate current trend phase and strength based on the Dragon (EMA34) color.

1. Red: downtrend but the trend strength is weak and can be consider as phase |B| or |D|. Open positions in this color is risk, we should wait more.

2. Green: uptrend but the trend strength is weak and can be consider as phase |B| or |D|. Open positions in this color is risk, we should wait more.

3. Purple: uptrend and the strength of trend is strongly bullish that can be considered as phase |D| or |E| in accumulation phase. This is where we place our Long positions because the trend is strongly bullish and price could continue to run upward.

4. Blue: downtrend and the strength of trend is strongly bearish that can be considered as phase |D| or |E| in distribution phase. This is where we place our Short positions because the trend is strongly bearish and price could continue to run downward.
Sürüm Notları
A trend detection based on Wyckoff method to identify phases as trend of the market and using SonicR system to find entries.

Based on Wyckoff theory, we have around 5 phases: A, B, C, D, E...and the colors of SonicR Dragon bands (EMA34) are used to detect the phases. Red and Blue are 2 colors for downtrend / Green and Purple are uptrend.

With the Red and Green colors, we are in phase |B| or |D|.
With the Purple and Blue colors, we are in phase |D| or |E|.

After trend detection, we will use SonicR system to get the entries.
Open Short positions when price retest Dragon band (EMA34) then go down (confirmation).
Open Long posotions when price retest Dragon band (EMA34) then go up (confirmation).

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.