PROTECTED SOURCE SCRIPT
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Market Turn Identifier

3 459
How to identify tops and bottoms?

This script uses a combination of indicators to determine if it is a top or a bottom. It is best used in a bull market, where prices will extend in both directions. Good example is, cryptocurrencies.
Because prices extend on both directions, RSI divergences are great signs. Volume likewise. MACD is used as a final trigger. All of these signs don't have to necessarily happen on 1 exact candle, but should be spatially close.

List of requirements:

Top

  • MACD crossover
    RSI bear divergence
    Dropping volume (COMING SOON)


Bottom

*MACD crossunder
RSI bullish divergence
Increasing volume (COMING SOON)

This works the best in a medium time frame, from 2h-12h chart.
Sürüm Notları
Cleanup chart.
Sürüm Notları
Fix signals not getting positioned properly.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.