INVITE-ONLY SCRIPT
SKYNET buy/sell 2.0
Güncellendi
The SKYNET buy/sell 2.0 indicator generates buy and sell signals based on the following conditions:
**Anchor line : This anchor line is calculated based on certain parameters.
The anchor line is calculated in such a way that the stock/instrument moves around this anchor line.
The calculation of the anchor line uses a look back period which is set to 9 by default. The user can go to the indicator settings and change it to suit their trading style.
Note:
1) As the look back period increases, the number of signals generated on the chart decreases.
2) This indicator will only work on charts/stocks/instruments which are actually traded in the market i.e actual contracts of the stock/instrument is traded in the market. Hence, it will not work on indexes.
BUY signal: When the stock/instrument deviates to the upside of the anchor line by a specific margin, the Buy signal is generated.
SELL signal: When the stock/instrument deviates to the downside of the anchor line by a specific margin, the Sell signal is generated.
Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.
**Anchor line : This anchor line is calculated based on certain parameters.
The anchor line is calculated in such a way that the stock/instrument moves around this anchor line.
The calculation of the anchor line uses a look back period which is set to 9 by default. The user can go to the indicator settings and change it to suit their trading style.
Note:
1) As the look back period increases, the number of signals generated on the chart decreases.
2) This indicator will only work on charts/stocks/instruments which are actually traded in the market i.e actual contracts of the stock/instrument is traded in the market. Hence, it will not work on indexes.
BUY signal: When the stock/instrument deviates to the upside of the anchor line by a specific margin, the Buy signal is generated.
SELL signal: When the stock/instrument deviates to the downside of the anchor line by a specific margin, the Sell signal is generated.
Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.
Sürüm Notları
**We have changed the default value for the "Anchor line lookback period" from 9 to 20.Sürüm Notları
**The indicator has been customized to work better on longer time frames.Sürüm Notları
** The minimum value for the "Anchor line lookback" period was increased to 9.Sürüm Notları
++ Trendline has been added to filter out false signals. A buy signal is valid if it is generated above the trendline and similarly a sell signal is valid if it is generated below the trendline. If the price moves away significantly from the trendline, it indicates strong momentum in that direction.++ A time constraint has been added. The indicator script now runs between
9:30 to 1500.
Sürüm Notları
++ Minor bug fixed in the trendline code.Sürüm Notları
++ Minor bug fixed in the time constraint code.Sürüm Notları
++ Minor change in calculation of the trendline.Sürüm Notları
++ VISUAL TREND has been added to the indicator. WE can filter out false signals by using the signals and the VISUAL TREND together. The VISUAL TREND is established by using a couple of exponential moving averages with customized parameters and settings.
A buy signal is more likely to work if the VISUAL TREND is bullish.
A sell signal is more likely to work if the VISUAL TREND is bearish.
++ Time constraint has been removed to increase the efficiency of the indicator on cryptocurrency charts.
https://www.tradingview.com/x/l6SzG0sB/
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Yazarın talimatları
″You can get the access to this indicator by leaving me a private message on TradingView.
Here are the links to some videos related to the indicator:
https://youtu.be/RntgcMAMnc0
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