[Joy] Aladdin

24 Şub 2022

Directly used for entertainment purposes in figuring out the market trend:

• Sell/bearish sign: I open a short position on the candle's close. I am bearish on the instrument.
  
• Buy/bullish sign: I open a long position on the candle's close. I am bullish on the instrument.
  
• Red circle: If I run a long position, I take at least 50% unrealized profit into a realized profit on the close candle. I might even convert some portion of the underlying spot into stable coins. I am essentially taking profit along the way as the trend is developing.
  
• Green circle: If I am running a bearish short position, I take at least 50% unrealized profit into a realized profit on the candle's close. I am essentially taking profit along the way as the trend is developing.
  

Below are used for indications only:

• Down Arrows: It is not directly used in opening/closing positions. When the down arrow finishes and the candle close, it sometimes indicates a local top. It does not mean the macro trend has changed.
  
• Up Arrows: It is not directly used in opening/closing positions. When the up arrow finishes and the candle close, it sometimes indicates a local bottom. It does not mean the macro trend has changed.
  
• Red Crosses: It indicates a squeeze may be incoming. When the red crosses finish, the price may move significantly in any one direction. It does not say which direction. It only gives me caution.
  

Experimental - Below Work in Progress may be from the config only:
>> Jasmine - Tweak of Aladdin
>> Candle color - Logic is different from Aladdin
>> Background color - Logic is different from Aladdin

FAQs
Q: Does it use some EMA /MA/Ichimoku/Parabolic SAR, etc? Does it use any indicator with tweaked settings?
Answer: No.

Q: What does it mostly use?
Answer: Volume and gradual flow of non-interrupted data. The logic depends on the correlation between volume , price bars and the wicks.

Q: Can you make it free or make it open source?
Answer: There is no free lunch in this world. I will never reveal or share the source code or make it free for all!

Q: Do you provide ongoing support for the indicator?
Answer: Yes, I will continue updating the indicator as long as I can. However it depends entirely on me. I may stop updating as well.

Q: Are the bullish /buy & the bearish /sell markers automatic?
Answer: Yes. I do not control it!

Q: Is this financial advice?
Answer: Any views expressed by the indicator are personal entertainment views & shouldn't form a basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. It is not financial advice. I highly recommend not even think of using this for actual real-life trading with real money. Neither I nor the indicator is responsible for any misuses, including any profit/loss. There is no warranty on this entertainment product