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Continuous Partial Buying Signals v7.1
🇬🇧 English Description: Continuous Partial Buying Signals v7.1
This indicator is built on a long-term accumulation philosophy, not a traditional buy-sell strategy. Its main purpose is to systematically increase your position in an asset you believe in by identifying significant price drops as buying opportunities. It is a tool designed for long-term investors who want to automate the "buy the dip" or "Dollar Cost Averaging (DCA)" mindset.
How It Works
The logic follows a simple but powerful cycle: Find a Peak -> Wait for a Drop -> Signal a Buy -> Wait for a New Peak.
1. Identifies a Significant Peak: Instead of reacting to minor price spikes, the indicator looks back over a user-defined period (e.g., the last 200 candles) to find the highest price. This stable peak (marked with an orange circle) becomes the reference point for the current cycle.
2. Waits for a Pullback: The indicator then calculates the percentage drop from this locked-in peak.
3. Generates Buy Signals: When the price drops by the percentages you define (e.g., -5% and -10%), it plots a "BUY" signal on the chart. It will only signal once per level within the same cycle.
4. Resets the Cycle: This is the key. If the price recovers and establishes a new significant peak higher than the previous one, the entire cycle resets. The new peak becomes the new reference, and the buy signals are re-armed, allowing the indicator to perpetually find new buying opportunities in a rising market.
How to Get the Most Out of This Indicator
* Timeframe: It is highly recommended to use this on higher timeframes (4H, Daily, Weekly) to align with its long-term accumulation philosophy.
* Peak Lookback Period:
* Higher values (200, 300): Create more stable and less frequent signals. Ideal for long-term, patient investors.
* Lower values (50, 100): More sensitive to recent price action, resulting in more frequent cycles.
* Drop Percentages: Adjust these based on the asset's volatility.
* Volatile assets (Crypto): Consider larger percentages like 10%, 20%.
* Less volatile assets (Stocks, Indices): Smaller percentages like 3%, 5%, 8% might be more appropriate.
This indicator is a tool for disciplined, emotion-free accumulation. It does not provide sell signals.
This indicator is built on a long-term accumulation philosophy, not a traditional buy-sell strategy. Its main purpose is to systematically increase your position in an asset you believe in by identifying significant price drops as buying opportunities. It is a tool designed for long-term investors who want to automate the "buy the dip" or "Dollar Cost Averaging (DCA)" mindset.
How It Works
The logic follows a simple but powerful cycle: Find a Peak -> Wait for a Drop -> Signal a Buy -> Wait for a New Peak.
1. Identifies a Significant Peak: Instead of reacting to minor price spikes, the indicator looks back over a user-defined period (e.g., the last 200 candles) to find the highest price. This stable peak (marked with an orange circle) becomes the reference point for the current cycle.
2. Waits for a Pullback: The indicator then calculates the percentage drop from this locked-in peak.
3. Generates Buy Signals: When the price drops by the percentages you define (e.g., -5% and -10%), it plots a "BUY" signal on the chart. It will only signal once per level within the same cycle.
4. Resets the Cycle: This is the key. If the price recovers and establishes a new significant peak higher than the previous one, the entire cycle resets. The new peak becomes the new reference, and the buy signals are re-armed, allowing the indicator to perpetually find new buying opportunities in a rising market.
How to Get the Most Out of This Indicator
* Timeframe: It is highly recommended to use this on higher timeframes (4H, Daily, Weekly) to align with its long-term accumulation philosophy.
* Peak Lookback Period:
* Higher values (200, 300): Create more stable and less frequent signals. Ideal for long-term, patient investors.
* Lower values (50, 100): More sensitive to recent price action, resulting in more frequent cycles.
* Drop Percentages: Adjust these based on the asset's volatility.
* Volatile assets (Crypto): Consider larger percentages like 10%, 20%.
* Less volatile assets (Stocks, Indices): Smaller percentages like 3%, 5%, 8% might be more appropriate.
This indicator is a tool for disciplined, emotion-free accumulation. It does not provide sell signals.
开源脚本
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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。
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。