This is an indicator based on Turtle trading mechanics. I've been playing around with the original script shared by tmr0, and extended mine with fun emoji indicators that calculate exit prices from the original turtle strategies.
The Turtles used a 20-day (short) and 55-day (long) moving average to determine buy and sell zones, these can be played with in the inputs area.
Legend
-- 🔥is an 'Enter Short' with exit price (represented by ✋read price by hovering over and reading first value in indicator) -- 🙈is an 'Exit Short' which is not necessarily a sell, more of a 'be careful, don't get greedy' -- 👍is an 'Enter Long' -- 💩is an 'Exit Long', generally should be seen as a get the f*ck out situation based on trends
Features
-- show/hide short and long enter/exits -- alerts -- emoji
Please let me know your thoughts.
版本注释
Update exit and enter prices.
版本注释
Add Exit Short alert
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Update to 10 days
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Update to Pine Script 4
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Updates
-- add tooltips with pre-calculated stop loss prices -- use 5 MA for crypto (higher volatility markets) -- use 20 MA for stocks (lower volatility markets)