PROTECTED SOURCE SCRIPT
BatTrend2
This script can be used two ways:
First, it can be used as an indicator of where buyer and seller exhaustion is likely to occur on Bitcoin. Red bars indicate buyer exhaustion, which means the price is likely to come down. Green bars indicate seller exhaustion, which means the price is likely to go up. A parabolic candle in the opposite direction of the indicator will usually invalidate the signal.
Second, assuming you plan to enter a position in multiple lots, it can be used as an indicator of where to build or exit your position.
I’ve only tested it on the 4 hour but it seems to work well on the daily. On parabolic runs up or down you will get false signals as the bears and bulls battle it out, so use the signals intelligently.
First, it can be used as an indicator of where buyer and seller exhaustion is likely to occur on Bitcoin. Red bars indicate buyer exhaustion, which means the price is likely to come down. Green bars indicate seller exhaustion, which means the price is likely to go up. A parabolic candle in the opposite direction of the indicator will usually invalidate the signal.
Second, assuming you plan to enter a position in multiple lots, it can be used as an indicator of where to build or exit your position.
I’ve only tested it on the 4 hour but it seems to work well on the daily. On parabolic runs up or down you will get false signals as the bears and bulls battle it out, so use the signals intelligently.
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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。