Zeta Crypto

Are you excited about Crypto Trading?

Crypto Trading is gaining immense popularity due to the excitement and returns it gives.

However, traditional indicators based upon lagging factors which generate Buy/Sell signals very late can not be used with crypto-trading.

The need of the hour is to create an indicator from ground up which reacts instantly when the price action starts and gives you much earlier entry or exit as compared to traditional lagging indicators.

Zeta Crypto is one such indicator which is based upon price cum volume action. It is said that "volume precedes price" or 'volume must validate the price move" and it is true in most of the situations.

Zeta Crypto tracks price and volume for you and keeps comparing it with historical data and as soon as it detects spikes, it gets into action and generates Buy/Sell signals right on your chart.

How to take Entry and When to Exit?

As soon as you see a Buy/Sell Signal on a candle, mark its closing price and if next or any subsequent candle opens and starts going in the same direction and clears the closing price of signal candle (where Buy/Sell signal is printed), Enter the trade and trail it till either (1) Opposite signal does not come or (2) Your Trailing Stop Loss is hit or (3) Till price again comes back to your Entry Level and starts hurting your position.

What Time Frame to use?

Do not use less than 5 min. Time Frame for this indicator. The best results are seen at 5 min., 10 min. 15 min. & 30 min. time frames. Higher time frames will give you delayed entry and lower than 5 min. will be too volatile.

What is the purpose of Support/Resistance Lines appearing on your chart?

These lines might offer you early entry or exit when the price approaches a Resistance or Support line.

Sürüm Notları:

Added Alert Conditions for (a) Buy (b) Sell and (c) Zeta moment (either of Buy/Sell event occurring)

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Optimized Code for Spikes on Low Volume

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Tweaked code to catch better trades.

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Modified Alert Conditions... New Alert Messages now print the name of the exchange too.

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The code is tweaked to keep an eye on Bitcoin which is leader of crypto currencies.

This helps to remove many false short term signals.

Sürüm Notları:

Script name updated.

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Updated to Pine Version 5 along with changes in Buy/Sell logic to filter out most of the false signals.