DB EMA Bottom Meter
DB EMA Bottom Meter
What does the indicator do?
The DB EMA Bottom Meter indicator is explicitly designed for crypto on the weekly timeframe. The indicator predicts the weekly timeframe levels in real-time for buying/selling alerts easily displayed in visual color plots (dots). The bottom meter indicator is designed to be used in bear markets or when the price action drops below the 15 ema. It will display visual dots indicating the currently predicted levels, including 3 red dots for selling, 2 yellow dots for mid-range, and 3 green dots for buying.
How should this indicator be used?
The DB EMA Bottom Meter should be used on the weekly timeframe. The end user should configure the indicator to adjust the EMA levels to line up the dot scale as accurately as possible on the first closing of the new trend cycle. It should be used to predict uptrend levels in a bear market or when price action is below the 15 ema. This indicator is not for beginners. Advanced traders should be able to play with the indicator settings to configure the levels to get the desired dot prediction levels.
The configuration also includes a few optional visualizations that can help visualize the EMA levels for the dots when figuring out the desired settings for the current market. Once you have the desired levels, we recommend using the replay feature to visualize how the indicator works and paints. Repainting has been minimized but is possible.
Using this indicator, it's possible to easily visualize and get alerted to new weekly buy/sell levels compared to previous closings. As noted above, it should be used after a couple of weeks of a large trend is discovered in a bear market or when the price action is below the 15 ema.
This indicator was designed for those traders who play the large timeframes (weekly+) and desire to sell and buy back weekly in a predictable manner.
Does the indicator include any alerts?
Yes, the alerts include:
Please note the indicator can repaint in real-time, so please backtest before using the alerts for robot trading. I recommend using the alerts for manual trading on high timeframes in which you enter and exit the market only once a week. Please note this indicator is not tested on timeframes lower than weekly and is recommended for the weekly timeframe.
Enjoy!
What does the indicator do?
The DB EMA Bottom Meter indicator is explicitly designed for crypto on the weekly timeframe. The indicator predicts the weekly timeframe levels in real-time for buying/selling alerts easily displayed in visual color plots (dots). The bottom meter indicator is designed to be used in bear markets or when the price action drops below the 15 ema. It will display visual dots indicating the currently predicted levels, including 3 red dots for selling, 2 yellow dots for mid-range, and 3 green dots for buying.
How should this indicator be used?
The DB EMA Bottom Meter should be used on the weekly timeframe. The end user should configure the indicator to adjust the EMA levels to line up the dot scale as accurately as possible on the first closing of the new trend cycle. It should be used to predict uptrend levels in a bear market or when price action is below the 15 ema. This indicator is not for beginners. Advanced traders should be able to play with the indicator settings to configure the levels to get the desired dot prediction levels.
The configuration also includes a few optional visualizations that can help visualize the EMA levels for the dots when figuring out the desired settings for the current market. Once you have the desired levels, we recommend using the replay feature to visualize how the indicator works and paints. Repainting has been minimized but is possible.
Using this indicator, it's possible to easily visualize and get alerted to new weekly buy/sell levels compared to previous closings. As noted above, it should be used after a couple of weeks of a large trend is discovered in a bear market or when the price action is below the 15 ema.
This indicator was designed for those traders who play the large timeframes (weekly+) and desire to sell and buy back weekly in a predictable manner.
Does the indicator include any alerts?
Yes, the alerts include:
- Bottom Level 1 Green (Lowest Price)
- Bottom Level 2 Green
- Bottom Level 3 Green
- Bottom Level 4 Yellow
- Bottom Level 5 Yellow
- Bottom Level 6 Red
- Bottom Level 7 Red
- Bottom Level 8 Red
- Bottom Level 9 Red (Highest Price)
Please note the indicator can repaint in real-time, so please backtest before using the alerts for robot trading. I recommend using the alerts for manual trading on high timeframes in which you enter and exit the market only once a week. Please note this indicator is not tested on timeframes lower than weekly and is recommended for the weekly timeframe.
Enjoy!