OPEN-SOURCE SCRIPT
Kal’s MTF ADX Rangoli Roller

Kaly MTF ADX Rangoli Roller is a method/study for finding trending stocks, indexes and cryptocurrencies using two different data periods (10, 5) of ADX Overlap over different time-frames (10m, 1H, 4H, 1D, 1W, 1M). In the study, I used 5-Period ADX for all mentioned time-frames. You may use 10-Period ADX for lower time-frames especially 10m and 1H.
Sample Image of the pinescript code(at the end of this post) in Tradingview looks as follows:

Note: Kal's MTF ADX Rangoli Roller is the lower Plot. The upper plot is KAL’s ADX Overlap Technical Study with MACD Filter(https://www.tradingview.com/script/pB9EZPQY-ADX-Overlap-with-MACD-Filter/)
Description:
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In the study plot, the lowest row is 10m, row above is 1H, row above is 4H, then 1D, then 1W and highest row is 1M
Black is CRSI Overbought condition for that time-frame. It’s best to wait and research for possibility of trend reversal because
White is CRSI Oversold condition for that time-frame. It’s best to wait and research for possibility of trend reversal because
I am a disabled man. Therefore, I am not able to write in detail here today. More Details will follow as time permits. Please let me know if I am missing anything…
Legal Disclaimer: I published here so I get replies from fellow viewers to educate myself and for my daily expenses. Hence, if anyone uses this script for making their decisions, I am not responsible for any failures incurred.
Safe Trading!
Kal Gandikota
PS: If you found this script interesting and edifying please follow and upvote.
PS2: Please kindly donate for my daily expenses (atleast as you would on streets) at the following addresses:
PS3: For more information on ADX and CRSI, please 'Google' or search here yourself.
PS4: This study is intended for research in creating automated Python Trading Systems using Pandas(https://steemit.com/python/@chipmaker/how-to-find-guidance-on-building-python-based-cryptocurrency-trading-bots).
Screenshots of the pinescript code looks as follows:

10minute Screenshot of Kal's MTF ADX Rangoli Roller (Above)

1 Hour Screenshot of Kal's MTF ADX Rangoli Roller (Above)

4 Hour Screenshot of Kal's MTF ADX Rangoli Roller (Above)

1 Day Screenshot of Kal's MTF ADX Rangoli Roller (Above)

1 Week Screenshot of Kal's MTF ADX Rangoli Roller (Above)

1 Month Screenshot of Kal's MTF ADX Rangoli Roller (Above)
Sample Image of the pinescript code(at the end of this post) in Tradingview looks as follows:
Note: Kal's MTF ADX Rangoli Roller is the lower Plot. The upper plot is KAL’s ADX Overlap Technical Study with MACD Filter(https://www.tradingview.com/script/pB9EZPQY-ADX-Overlap-with-MACD-Filter/)
Description:
----------------
In the study plot, the lowest row is 10m, row above is 1H, row above is 4H, then 1D, then 1W and highest row is 1M
- Lime(Bright Green) dot implies Trending Uptrend for that time-frame (first phase)
- Green dot implies Trending Uptrend for that time-frame (second phase near exhaustion)
- Red dot implies Trending Downward for that time-frame (first phase)
- Maroon dot implies Trending Downward for that time-frame (second phase near exhaustion)
- Lime cross implies Strong Trending Uptrend for that time-frame (first phase)
- Green cross implies Strong Trending Uptrend for that time-frame (second phase near exhaustion)
- Red cross implies Trending Strong Downward for that time-frame (first phase)
- Maroon cross implies Trending Strong Downward for that time-frame (second phase near exhaustion)
- Yellow is ‘Squeeze On’ setting. During the squeeze period, the ADX signals are almost always ineffective. One may wait and watch over during this time. Once the Squeeze is released (i.e. no longer yellow), the trend corresponds to the color of the dots and crosses.
Black is CRSI Overbought condition for that time-frame. It’s best to wait and research for possibility of trend reversal because
- 1. Profit-booking/trimming happens after CRSI Overbought condition.
- 2. Large Short-sellers may take huge positions during this time pushing the stock prices up.
White is CRSI Oversold condition for that time-frame. It’s best to wait and research for possibility of trend reversal because
- 1. Profit-booking/trimming happens after CRSI Oversold conditions.
- 2. Large buyers may take huge positions during this time pushing the stock prices down.
I am a disabled man. Therefore, I am not able to write in detail here today. More Details will follow as time permits. Please let me know if I am missing anything…
Legal Disclaimer: I published here so I get replies from fellow viewers to educate myself and for my daily expenses. Hence, if anyone uses this script for making their decisions, I am not responsible for any failures incurred.
Safe Trading!
Kal Gandikota
PS: If you found this script interesting and edifying please follow and upvote.
PS2: Please kindly donate for my daily expenses (atleast as you would on streets) at the following addresses:
- BTC Wallet: 1NeDC1GvpFa49DFLuT1v28ohFjqtoWXNQ5
- ETH Wallet: 0x35e557F39A998e7d35dD27c6720C3553e1c65053
- NEO Wallet: AUdiNJDW7boeUyYYNhX86p2T8eWwuELSGr
PS3: For more information on ADX and CRSI, please 'Google' or search here yourself.
PS4: This study is intended for research in creating automated Python Trading Systems using Pandas(https://steemit.com/python/@chipmaker/how-to-find-guidance-on-building-python-based-cryptocurrency-trading-bots).
Screenshots of the pinescript code looks as follows:
10minute Screenshot of Kal's MTF ADX Rangoli Roller (Above)
1 Hour Screenshot of Kal's MTF ADX Rangoli Roller (Above)
4 Hour Screenshot of Kal's MTF ADX Rangoli Roller (Above)
1 Day Screenshot of Kal's MTF ADX Rangoli Roller (Above)
1 Week Screenshot of Kal's MTF ADX Rangoli Roller (Above)
1 Month Screenshot of Kal's MTF ADX Rangoli Roller (Above)
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Signature:Pls kindly donate for my daily expenses(atleast as you would on streets) at the following BTC Wallet address:
1HZBnoSoLo9ptuRdMMy29q9LLVZFMzaugd
1HZBnoSoLo9ptuRdMMy29q9LLVZFMzaugd
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。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Signature:Pls kindly donate for my daily expenses(atleast as you would on streets) at the following BTC Wallet address:
1HZBnoSoLo9ptuRdMMy29q9LLVZFMzaugd
1HZBnoSoLo9ptuRdMMy29q9LLVZFMzaugd
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。