OPEN-SOURCE SCRIPT
Cryptelo - Multi-Indicator Trend Shift Detector
This "Multi-Indicator Trend Shift Detector" combines four key technical indicators—RSI, Money Flow Index (MFI), VWAP, and MACD—to pinpoint potential trend reversals. It works by:
RSI & MFI: Evaluating momentum, where values above 50 suggest bullish strength and below 50 indicate bearish pressure.
VWAP: Providing a daily average price reference that resets each day, helping to gauge if the price is trading above (bullish) or below (bearish) its volume-weighted average.
MACD: Confirming momentum through the relationship between the MACD line and its signal line.
When all these conditions align, the indicator identifies a trend shift and plots an arrow on the chart, making it easier for traders to spot entry or exit opportunities.
RSI & MFI: Evaluating momentum, where values above 50 suggest bullish strength and below 50 indicate bearish pressure.
VWAP: Providing a daily average price reference that resets each day, helping to gauge if the price is trading above (bullish) or below (bearish) its volume-weighted average.
MACD: Confirming momentum through the relationship between the MACD line and its signal line.
When all these conditions align, the indicator identifies a trend shift and plots an arrow on the chart, making it easier for traders to spot entry or exit opportunities.
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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Feragatname
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