chrysopoetics

Godmode 4.0.0 [Oscillator]

First off, a huge thank you to the following people:

LEGION:
LazyBear: www.tradingview.com/u/LazyBear/
xSilas: www.tradingview.com/u/xSilas/
Ni6HTH4awK: www.tradingview.com/u/Ni6HTH4wK/
sco77m4r7and:
SNOW_CITY: www.tradingview.com/u/SNOW_CITY/
oh92: www.tradingview.com/u/oh92/
alexgrover: www.tradingview.com/u/alexgrover/
cI8DH: www.tradingview.com/u/cI8DH/
DonovanWall: www.tradingview.com/u/DonovanWall/

Since I've been on TradingView I've become somewhat enthralled by Godmode and the collective work that goes in to it, so I decided to publish my own iteration, building off the ideas already present. (This is a great way to get familiar with Pine by the way, just in case there are any beginners reading this)

Changes

The first change I made was to allow the user to select whatever tickerid they wanted as a benchmark. If trading XBTUSD on BitMEX for example, the indicator will react to exchange-specific activity, which means it will respond to all the little whipsaws, whipsaws that can be especially present on a futures exchange. By typing CRYPTOCAP:BTC or CRYPTOCAP:TOTAL we endeavor to remove noise. It can also signal earlier. Less noise and less lag. Another idea would be to choose a benchmark that has a strong inverse relationship with the asset you're trading: try CRYPTOCAP:USDT as the benchmark against BTC to see what I mean.

I also added the ability to smooth the plot, yet again removing noise but adding considerable lag.

The linear regression of the wave-trend is calculated in place of the EMA. This is plotted as columns with the midline (50) as the base. This is just calculating the slope of the wave-trend and can signal a weakening trend before a reversal takes place.

Using cI8DH's True RSI script (www.tradingview.com/...True-RSI-TRSI-cI8DH/) as inspiration, I added a function for calculating the True TSI in an attempt to remove any bullish bias. Funnily enough, when I tried to do the same with the RSI I had some problems. I'll try to resolve this in the coming weeks.

Made slight changes to the aesthetics. Tried to bring the two main plots alive by making their bold, opaque colors stand off the subtle tones in the background.

To Do List

1. I would like to sort out the issue with the True RSI.
2. When the plots are smoothed, there's an issue with the green 'Caution!' dots appearing in the lower half of the indicator.
3. I'd like to adjust the code so that if the 'Benchmark' box is empty, that it will automatically register the current tickerid as the 'Benchmark'.

If anyone has any suggestions on other fixes or how to apply the fixes mentioned by me, please don't hesitate to reach out to me here or through other media platforms.

Want to Learn?

If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com...k0VGHViQc4/edit?usp=sharin...

The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.

Suggestions or Questions?

Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.


BITMEX:XBTUSD


CRYPTOCAP:BTC


CRYPTOCAP:TOTAL


CRYPTOCAP:USDT.D

开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

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