Hello Tradeurs, as per usual, I hope everyone is having a FAN-FRIGGIN-TASTIC day. With the soon incoming bull market approaching fast(Nov 7, 2022), there are a few ideas that I've really been trying to push out to help nail a few coins as they are near their bottom peak of this closing Bear Market. This one may seem very similar to the last one I posted but I think this one takes the cake...esp when you see the next script from my 'Market Overview' series that I will be publishing shortly after this one as it is utilizing this new script for a market scanner that will be SUPER legit and profitable. Though it is alway nice to be noticed, I'm glad that I'm relatively unpopular so the few people that are now following me can have some time to make some money with some of these scripts I'm trying to pump out for the benefit of the community. I will rarely give my full analysis of how I take in and utilize these scripts but I can tell you, QUITE A FEW of them are money in the bank. Esp these last few I've done/am doing and even more-so the ones that are soon to come (I'm speaking of about the next 3-4 that I will be attempting to pump out in this next VERY IMPORTANT week.). One more thing I'll add before going to the script is a little alpha(Im pretty certain this is the way it is going but NOTHING is EVERY 100% in life). What I believe should be realized is the bottoming out of MANY of the crypto coins at the VERY bottom of a LONG TERM Cup and Handle (so it seems but shat can still change in the blink of an eye). Thus there are quite a few coins that I believe have already bottomed and wont be returning to said bottom for a few years or so but there are also quite a few still at the brink of the bottomest part before the real market breakout occurs. My goal with these scripts coming out this week to help you all find those coins that have yet to hit their very bottom (thus the ATH/ATL script recently published). Going back in history looking for the lowest points of long term Cup & Handles I will point out 2 key things. Near the center/bottomest part of these historical CnH you will see either Double Bottoms OR a Huge dump and then its V-shaped recovery. After these print the point of no return has occurred where only a few coins will be going lower than these Double Bottoms/V-Shaped recoveries. So the time is at hand. Now that many coins are seemingly pumping after this long consolidation, I believe we need to keep a keen eye out for THE FINAL RUG PULL (as soon as enough degenerates are leveraging Long their entire savings.). What Im saying is be ready for this final rug pull to finally be seeing these Double Bottoms/V-Shaped recoveries VERY soon. DO NOT waste all your capital yet and MAKE SURE to use stop losses or else rather than stop losses you will be burdened with MUCH WORSE losses. Im currently not even in the market bc I am waiting on said rug pull. Ok for the Script now. This script is similar to the last one but with the previous one, one general set of settings can produce VASTLY different results (might have 2 S/R lines on one coin and 80 on another). I wanted to fix that with this script, turn it into a "Market Overview" Scanner and create alerts for the MO Scanner to be able to get alerted any time a coin is passing its largest wick S/R levels bc DULY NOTE...it is VERY rare that a coin will blow past it if it hasn't approached it recently. That means that a small retrace of 3-5%(or more) is EASY to acquire (with leverage that can really add up with how many coins are in the Kucoin Margin Coin list that I have in my scanners). Now, once price does shoot through a level you best be sure to be looking down the line for a retest of the S/R level it blew past before as they are MANY times the retest level and price will be coming back to it before continuing in the direction it was going. Depending on the TF your using this could be a few hours to a few days to a few weeks...you get it. With this script you can choose to draw S/R lines 2 ways: 1) by having it plot S/R lines on the end of the largest 2(3,4,5..however many you choose) wicks that the chart has access to. For the scanner ill just be putting the largest 2-3 wicks and set alerts when coming up to them/crossing them & 2) having it draw S/R lines on the ends of the largest X% of wicks. it will be erasing the lines and drawing new ones on each new candle occurrence so the same general settings will no longer be producing VASTLY diff amounts of S/R lines and will be way more consistent amongst the coins for better utilization with the scanner (when I publish it). There is also a Wick Max Cutoff % so for those coins that had it's first few hours printing 100% sized wicks...you can choose to ignore them so they are not taking up one of your top spots for the S/R lines. There is similarly a Wick % min Size that can be selected so if you’re using the top % setting, it will help decrease those coins that can be still plotting 30 lines even though the top 3% of the largest wicks are set in the settings. Hope Im being clear but it's easy enough. I believe in you and your capabilities of comprehending it all and getting it all figured out. So this script is for a visualization for the scanner that I will be uploading soon-after. It's always nice to get a few comments if my ideas/scripts have been helpful to you and please don't hold back if you have something to tell me that I screwed up on (I am still rather new to this coding thing but I like to think I at least have some fresh ideas that aren’t out there in the public library). Talk to you soon and may the force be with your trades. Peace and love people...peace and love. -ChasinAlts out.
sir you have great indicator, even the new one (hush, hush). although I'm still learning (paper trading) and trying to figure it out myself. my question to you is there are two indicators (not yours) that are basically the same. magic predictor alerts by rtugui and daily candle cross by seaside 420. have you ever heard of them. I think someone with your knowledge and coding skills can take bits and pieces from both of those two indicators and make the ultimate indicator. I've been waiting for someone to make an upgraded version or a better one for some time. there are some great coders on TV, and you are one of the best! just curious of your opinion.
A_Traders_Edge
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@davewishes73, I am FAR FAR FAR from even being comparable to any "good" coder here on TV, although, I do appreciate your kind words. I am familiar with @SeaSide420 but not @rtugui. Will check out the scripts you mentioned to see what could potentially be used and implemented from their codes. What are some of these characteristics that you are thinking would be so good in this "Ultimate" indicator? and when you say an "upgraded version", an upgrade of which script do you mean? Im always open for new ideas but MANY times all it is is becoming good at searching for TV scripts via google rather than using TV for searching for them. To do so, include some of the key words of whatever your looking for and type "Tradingview Scripts" at the end of the key words. It will produce FAR better results than the search box on TV would. A good start when trying to find a good idea or script to use is to look at this source which is the "Editor's Script Picks": tradingview.com/scripts/editors-picks/. Bookmark it and check it out every week or so for updates. It's rarely a disappointment.
A_Traders_Edge
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@chasinalts, @PineScripters I absolutely HATE TV for this crap. I edited my comment and described why you should be avoiding rtugui script AT ALL COSTS but you only have 15 min to edit a comment before you cannot anymore and the 15 minutes elapsed while I was finishing my explanation and so when I submitted it, it simply deleted the submitted edit and did not actually edit the comment. So I honestly dont want o type it all up again but basiclly, the indicator repaints which makes historical results for the indicator look REALLY good because it deletes the worst alert plots and repaints them in the better spots to make it look good but then cannot be traded in real time bc youll lose ALL your money. (not EVERY alert repaints but many do). Theres an acceptible form of repainting as long as it deletes the alert before the candle closes when the alert was printed. If it deletes alerts from previsouly closed candles it is HORRRIBLE to use to trade on. This one you were discussing does jst that.
A_Traders_Edge
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@chasinalts, Just writing this for the TV people... @PineScripters (dont know who else to tag for this. MANY places in the app dont let comments/messages be submitted for MANY reasons....which is ok.....BUT ONLY if you dont actually delete the comment so it can be copy and pasted in another attempt to submit it. This whole deleting it bc it does not go through is FRIGGIN RIDICULOUS and is a necessity to fix. It has happened TOO MANY times for me so that I always suggest using another app for messaging when talking to other. I dont know how it has gone on for SO long without being fixed. btw...i opened a ticket describing JUST this (if you need further descriptions as to when it occurs. PLEASE FOR THE LOVE OF ALL THINGS RIGHT...fix this.
davewishes73
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@chasinalts, both scripts are basically the same. wait for the daily candle to close usually around 8 pm NY time. and if it's a buy you can hold it all day, sometimes 2, 3 days and in some cases longer. same goes when a sell appears. it sometimes repaints. that's the problem. in both indicators, the timing of the daily candle close is not accurate. that's the issue. it sends out false signals every now and then. if that were to be fixed (more of an accurate daily candle close) it would be great. the reason I'm bringing this to your attention. your new indicator where it pumps and dumps at the 1m timeframe. the pump and dump aspect, is that also a 1 min candle close. pump after candle close at the bottom and dump after candle close at the top. just curious. if yes, couldn't the new indicators setting be changed for a daily pump and dump. any feedback is appreciated.