OPEN-SOURCE SCRIPT
Multi-Confluence Signal System
📊 OPTIMIZED MULTI-CONFLUENCE SIGNAL SYSTEM
A professional-grade trading indicator that combines multiple technical analysis methods to generate high-probability buy and sell signals. Designed for daily timeframe Bitcoin/crypto trading with optimized parameters based on real market backtesting.
🎯 KEY FEATURES:
- Multi-Confluence Scoring (8 components) - Each signal shows strength rating
- Smart Top & Bottom Detection - Catches reversals using price action patterns
- Ichimoku Cloud Integration - Dynamic support/resistance visualization
- Dual EMA System (20/50) - Clear trend identification
- RSI + MACD + Volume Confirmation - Multi-indicator validation
- Signal Alternation - Only shows directional changes (no repeated signals)
- Minimal Bar Spacing - Prevents signal clustering and overtrading
✅ OPTIMIZED FOR:
- Catching parabolic tops with rejection wicks
- Identifying capitulation bottoms in downtrends
- Avoiding false signals during consolidation
- 4-8 quality signals per 4-month period on daily charts
- Works in both trending and volatile markets
🔧 TECHNICAL COMPONENTS:
- EMA 20/50 trend system
- RSI (14) with adjusted overbought/oversold levels (68/32)
- MACD for momentum confirmation
- Ichimoku Cloud for trend context
- Volume analysis (1.3x threshold)
- Candlestick pattern recognition (engulfing, hammers, shooting stars)
- Capitulation detection for extreme moves
- Price extension filters (±5-10% from EMAs)
⚠️ BEST PRACTICES:
- Optimized for Daily timeframe
- Combine with your own risk management
- Higher scores = higher probability trades
- Wait for signal confirmation on candle close
- Use in conjunction with key support/resistance levels
💡 SIGNAL LOGIC:
BUY signals trigger on: Capitulation candles, extreme oversold + reversal patterns, MACD turnarounds in downtrends, or high confluence scores with bullish patterns
SELL signals trigger on: Rejection wicks at tops, bearish engulfings with overbought RSI, parabolic extensions, MACD reversals, or high confluence scores with bearish patterns
📈 Created through iterative backtesting and optimization on Bitcoin price action from 2024-2025.
⭐ Free to use • Leave feedback • Happy trading!
A professional-grade trading indicator that combines multiple technical analysis methods to generate high-probability buy and sell signals. Designed for daily timeframe Bitcoin/crypto trading with optimized parameters based on real market backtesting.
🎯 KEY FEATURES:
- Multi-Confluence Scoring (8 components) - Each signal shows strength rating
- Smart Top & Bottom Detection - Catches reversals using price action patterns
- Ichimoku Cloud Integration - Dynamic support/resistance visualization
- Dual EMA System (20/50) - Clear trend identification
- RSI + MACD + Volume Confirmation - Multi-indicator validation
- Signal Alternation - Only shows directional changes (no repeated signals)
- Minimal Bar Spacing - Prevents signal clustering and overtrading
✅ OPTIMIZED FOR:
- Catching parabolic tops with rejection wicks
- Identifying capitulation bottoms in downtrends
- Avoiding false signals during consolidation
- 4-8 quality signals per 4-month period on daily charts
- Works in both trending and volatile markets
🔧 TECHNICAL COMPONENTS:
- EMA 20/50 trend system
- RSI (14) with adjusted overbought/oversold levels (68/32)
- MACD for momentum confirmation
- Ichimoku Cloud for trend context
- Volume analysis (1.3x threshold)
- Candlestick pattern recognition (engulfing, hammers, shooting stars)
- Capitulation detection for extreme moves
- Price extension filters (±5-10% from EMAs)
⚠️ BEST PRACTICES:
- Optimized for Daily timeframe
- Combine with your own risk management
- Higher scores = higher probability trades
- Wait for signal confirmation on candle close
- Use in conjunction with key support/resistance levels
💡 SIGNAL LOGIC:
BUY signals trigger on: Capitulation candles, extreme oversold + reversal patterns, MACD turnarounds in downtrends, or high confluence scores with bullish patterns
SELL signals trigger on: Rejection wicks at tops, bearish engulfings with overbought RSI, parabolic extensions, MACD reversals, or high confluence scores with bearish patterns
📈 Created through iterative backtesting and optimization on Bitcoin price action from 2024-2025.
⭐ Free to use • Leave feedback • Happy trading!
開源腳本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
開源腳本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.