PROTECTED SOURCE SCRIPT
CARNAC Magic DCA

The "CARNAC Magic DCA" indicator is designed for investors looking for the best opportunities for Dollar-Cost Averaging (DCA).
How it works:
The Carnac Dynamic DCA Threshold calculates a dynamic threshold for DCA entries using Exponential Moving Average (EMA), Average True Range (ATR), and the maximum distance from the EMA over a full lookback period, aiding in identifying optimal buy opportunities. It also only signals a DCA buying opportunity after a bearish candle, which helps lower the average DCA price.
Configurable Inputs:
Ten EMAs: Carnac Magic DCA includes a ten EMA plot, which decrease in length from the user-defined starting length, offering a multi-layered trend analysis.
EMA Color Coding: The sequential arrangement of EMAs is visually represented through color coding, facilitating quick trend recognition.
Average Buy Price Analysis: Calculates and displays the average buy price and its percentage difference from the average closing price since the user-defined start date, helping assess the strategy’s effectiveness compared to traditional DCA methods (purchasing at the close of every candle).
Visual Indicators and Labels: Includes visual alerts for buy signals and informative labels showing average buy prices and related statistics.
How it works:
The Carnac Dynamic DCA Threshold calculates a dynamic threshold for DCA entries using Exponential Moving Average (EMA), Average True Range (ATR), and the maximum distance from the EMA over a full lookback period, aiding in identifying optimal buy opportunities. It also only signals a DCA buying opportunity after a bearish candle, which helps lower the average DCA price.
Configurable Inputs:
- EMA Start Length: Sets the initial length for the series of EMAs, affecting their sensitivity to price changes.
- ATR Length: Determines the period for the ATR calculation, influencing the dynamic DCA threshold's responsiveness to market volatility.
- ATR Multiplier: Modifies the impact of the ATR on the DCA threshold, allowing for finer control over the threshold's sensitivity to volatility.
- Start Calculation From: Enables setting a specific start date for calculations, tailoring the analysis to a particular trading period.
- DCA Buy Signal Alert: Generates an alert when the price is below both the dynamic DCA threshold and the opening price, indicating a potential buy signal based on DCA strategy.
Ten EMAs: Carnac Magic DCA includes a ten EMA plot, which decrease in length from the user-defined starting length, offering a multi-layered trend analysis.
EMA Color Coding: The sequential arrangement of EMAs is visually represented through color coding, facilitating quick trend recognition.
Average Buy Price Analysis: Calculates and displays the average buy price and its percentage difference from the average closing price since the user-defined start date, helping assess the strategy’s effectiveness compared to traditional DCA methods (purchasing at the close of every candle).
Visual Indicators and Labels: Includes visual alerts for buy signals and informative labels showing average buy prices and related statistics.
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。