OPEN-SOURCE SCRIPT
已更新 Mazuuma Churn Indicator
This indicator was specifically made to confirm a periode of sideways movement (churn) on Bitcoin. It can probably be used for other cryptocurrencies as well. I use it on the daily timeframe.
Yellow means "Unconfirmed".
Orange means "Partially Confirmed".
Red means "Confirmed"
The indicator is not perfect, so use your common sense.
Churn starts when at least 2 of the conditions below are met (use also your common sense):
1. ATR < MA 20 on ATR
2. Distance to EMA 200 must be ≤ 16% at “Open churn”
3. EMA 12 on RSI between 40 and 60
4. ADX < 25
The above are weighted. Meaning no 1 has most significance. The numbers can be tweaked.
Reversal coming
* The indicators above break out, especially the ATR
* Color shift of the Heikin Ashi candle on weekly timeframe
* Engulfing candle on weekly timeframe
Because of the offset of the EMA 200, the precision of the Churn predictor can be off after a VERY big spike up or down, e.g. dec 2017. After such a spike use your common sense.
Personally I use this for bot trading, i.e. turn off trend following bots when in sideways market and use grid bots or other means of trading instead.
Yellow means "Unconfirmed".
Orange means "Partially Confirmed".
Red means "Confirmed"
The indicator is not perfect, so use your common sense.
Churn starts when at least 2 of the conditions below are met (use also your common sense):
1. ATR < MA 20 on ATR
2. Distance to EMA 200 must be ≤ 16% at “Open churn”
3. EMA 12 on RSI between 40 and 60
4. ADX < 25
The above are weighted. Meaning no 1 has most significance. The numbers can be tweaked.
Reversal coming
* The indicators above break out, especially the ATR
* Color shift of the Heikin Ashi candle on weekly timeframe
* Engulfing candle on weekly timeframe
Because of the offset of the EMA 200, the precision of the Churn predictor can be off after a VERY big spike up or down, e.g. dec 2017. After such a spike use your common sense.
Personally I use this for bot trading, i.e. turn off trend following bots when in sideways market and use grid bots or other means of trading instead.
發行說明
Fixed the default value of the ATR MA to 20.開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。