MagnusTradingGroup

MAGNUS® Cycles

This indicator will help you if you struggle making any profit in bitcoin .
It generates very few signals with very nice profit potential ( around 100% this year ! ).
Perfect tool for longterm swing traders and new traders that need help figuring out the midterm trend.

Use it with these parameters only:
weekly: 13, 5, 12
daily: 92, 21, 96
Favori Komutlardan Çıkart Favori Komutlara Ekle
study(title="MAGNUS® Cycles", shorttitle="MAGNUS® Cycles")
//try these parameters/timeframes:
//weekly: 13,  5, 12
//daily:  92, 21, 96

length = input(92, minval=1, title="Williams %R Length")
upper = highest(length)
lower = lowest(length)
out = 100 * (close - upper) / (upper - lower)

len0 = input(21, minval=1, title="EMA Short Length")
len1 = input(96, minval=1, title="SMA Long Length ")

m0 = ema(out, len0)
m1 = sma(out, len1)

col = m0>m1?aqua:fuchsia

plot(out, color = green)
plot(m0, color = white)
plot(m1, color=orange)
band1 = hline(-20)
band0 = hline(-80)
fill(band1, band0)
bgcolor(col,transp=90)
this seems to work on shorter timeframes for BTC on bitfinex such as the 1 hour
Cevap Gönder
Great indicator! what are the best parameters for hourly timeframes?
+6 Cevap Gönder
very good indicator and works with other markets too.
+1 Cevap Gönder
can you explain how to read the indicator?
+1 Cevap Gönder
fairly easy: if background color changes, wait for the current candle to close and than take the trade (or look for a better opportunity if you think there definitely will be one).
So let's look at the last signal: purple background color changed to cyan. this means we are in a bullish market now ... kindof :) look at all the signals in the past ... they are pretty good :D
+1 Cevap Gönder
Only works on BTC?
+1 Cevap Gönder
This could be usefull in other markets aswell. However I tested it only in Bitcoin and it is kind of curve fitted to Bitstamp specifically. You can play around with the parameters and try some backtesting. Let me know if you find any valueable setups : ]
+1 Cevap Gönder
Noobincrypt MagnusTradingGroup
yah a bit off for btce, i havnt played with it enough to set it for that exchange, thanks for the script
+1 Cevap Gönder
Thank you for your work, and publishing this!
+1 Cevap Gönder
You are very welcome : ] Thanks for checking it out !
Cevap Gönder
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