INVITE-ONLY SCRIPT
已更新 MTF Cycle Trader
The MTF Cycle Trader indicator identifies four different cycles that drive price under the surface.
Sometimes cycles are not synchronized.
We may get conflicting cycles. For example an up cycle on 60 min time frame will fight with a down micro cycle on 5 min time frame.
However, from time to time cycles get synchronized. They reach the highest point or lowest points at major turning points, peaks and troughs in price.
And this is what this indicator is intended for. It keeps scanning underlying cycles in order to pin point moments when three or four underlying cycles align at peaks or troughs.
Sometimes, price only produces minor pullbacks off those strong Resistance x 3 or Resistance x 4 levels.
That means that there are bigger up cycles on Daily or Weekly time frame that are so powerful that they overcome resistance from three or four down cycles on lower time frames.
In a similar way, price may not respect strong Support x 3 or Support x 4.
That happens when there are stronger down cycles on Daily or Weekly time frames. They are so powerful so they exceed upward pressure from three or four up cycles on lower time frames.
IMPORTANT DISCLAIMER:
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
Sometimes cycles are not synchronized.
We may get conflicting cycles. For example an up cycle on 60 min time frame will fight with a down micro cycle on 5 min time frame.
However, from time to time cycles get synchronized. They reach the highest point or lowest points at major turning points, peaks and troughs in price.
And this is what this indicator is intended for. It keeps scanning underlying cycles in order to pin point moments when three or four underlying cycles align at peaks or troughs.
Sometimes, price only produces minor pullbacks off those strong Resistance x 3 or Resistance x 4 levels.
That means that there are bigger up cycles on Daily or Weekly time frame that are so powerful that they overcome resistance from three or four down cycles on lower time frames.
In a similar way, price may not respect strong Support x 3 or Support x 4.
That happens when there are stronger down cycles on Daily or Weekly time frames. They are so powerful so they exceed upward pressure from three or four up cycles on lower time frames.
IMPORTANT DISCLAIMER:
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
版本注释
ver 2.0, 11 May 2022added alerts for quadruple and triple support and resistance
版本注释
22 May 2022changed Double Supp0rt and Resistance signals, fixed several bugs
版本注释
25 May 2022Added overbought signal (red background) and oversold signal (green background)
版本注释
3 Jun 2022Added hypothetical Buy 1, Buy 2, Sell 1, Sell 2 signals.
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The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
版本注释
v.2.0 published 15 Nov 2022added multi timeframe Overbought and Oversold signals
You can set alerts for Overbought and Oversold signal in the menu
版本注释
v.2.2 fixed bugs版本注释
version 4 published on Dec 25, 2022The indicator now draws labels and generates new alerts:
Overbought, Very overbought and Extreme overbought.
Oversold, Very oversold and Extreme oversold.
to improve accuracy of overbought and oversold signals the indicator now takes into consideration Daily time frame.
版本注释
v.5 published on 16 Jan 2023added weekly and monthly overbought and oversold signals and alerts
版本注释
version 6, 27 April 2023added breakout signals and alerts
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系CastAwayTrader。
请注意，此私密的、仅限受邀者使用的脚本尚未经过脚本管理员的审核，并且不确定它是否符合网站规则。 除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
contact CastAwayTrader@gmail.com to get trial access to the indicator
Join my Telegram channel: t.me/TheCastAwayTrader
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。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系CastAwayTrader。
请注意，此私密的、仅限受邀者使用的脚本尚未经过脚本管理员的审核，并且不确定它是否符合网站规则。 除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
contact CastAwayTrader@gmail.com to get trial access to the indicator
Join my Telegram channel: t.me/TheCastAwayTrader
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。