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Bottom Fishing Indicator
# Bottom Fishing Indicator Documentation
## 1. Overview
The **Bottom Fishing Indicator** is a tool based on **RSI**, **CCI**, and **MFI** oscillators to identify oversold conditions. It accumulates oversold values over time to detect potential reversal points. The indicator also supports multi-timeframe analysis to provide more comprehensive insights.
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## 2. Features
1. **RSI / CCI / MFI Oversold Accumulation Detection**:
- **RSI**: Starts accumulating when RSI is below 30.
- **CCI**: Calculates the difference from -100 when CCI is below -100 and accumulates it.
- **MFI**: Begins accumulation when MFI is below 20.
2. **Threshold Trigger Monitoring**:
- When the accumulated value exceeds the predefined threshold (default 100), a "Goal" marker is displayed on the chart, indicating a potential bottom.
3. **Multi-Timeframe Analysis (MTF)**:
- Supports selecting different timeframes (such as daily, weekly) for indicator values and displays multi-timeframe accumulation curves on the main chart.
4. **Customizable and Dynamic Adjustment Options**:
- Allows customization of indicator lengths, accumulation thresholds, display colors, line thickness, and more, offering flexible settings.
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## 3. Settings Explanation
1. **RSI Length**: Period for RSI calculation (default 14).
2. **CCI Length**: Period for CCI calculation (default 20).
3. **MFI Length**: Period for MFI calculation (default 14).
4. **Sum Threshold for Marker**: Accumulation value threshold to trigger markers (default 100).
5. **Indicator to Track**: Select the indicator to monitor (RSI / CCI / MFI).
6. **Multi-Timeframe Line Timeframe**: Timeframe for multi-timeframe analysis (default Daily).
7. **MTF Sum Threshold for Reset**: Accumulation threshold for multi-timeframe analysis, resets after exceeding (default 100).
8. **MTF Sum Line Color**: Color of the multi-timeframe accumulation line (default Orange).
9. **MTF Line Width**: Thickness of the multi-timeframe accumulation line (default 2).
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## 4. Chart Explanation
1. **Value Sum Line**: Accumulation curve for oversold areas, showing the current progress of accumulation to monitor potential reversals.
2. **MTF Value Sum Line**: Multi-timeframe accumulation line, further verifying consistency between different timeframes.
3. **Goal Marker**: Displays a "Goal" marker on the chart when the accumulation value exceeds the predefined threshold, indicating a potential bottom area.
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## 5. Usage Tips
1. **Select Indicators Based on Conditions**:
- For clear downtrends, RSI may provide better results.
- For highly volatile markets, CCI is more effective.
- To consider volume factors, choose the MFI indicator.
2. **Multi-Timeframe Analysis**:
- Use multi-timeframe accumulation curves to further confirm the consistency between larger and smaller timeframes.
3. **Continuous Monitoring and Adjusting Thresholds**:
- Adjust accumulation thresholds according to market volatility to select more suitable risk control methods.
---
## 6. Notes
1. **Oversold indicators alone cannot fully capture the market environment. Please combine them with other technical indicators and fundamental analysis.**
2. **The indicator does not guarantee market bottom reversals. Please use it rationally and avoid over-reliance.**
---
For any questions or feedback, please contact us.
## 1. Overview
The **Bottom Fishing Indicator** is a tool based on **RSI**, **CCI**, and **MFI** oscillators to identify oversold conditions. It accumulates oversold values over time to detect potential reversal points. The indicator also supports multi-timeframe analysis to provide more comprehensive insights.
---
## 2. Features
1. **RSI / CCI / MFI Oversold Accumulation Detection**:
- **RSI**: Starts accumulating when RSI is below 30.
- **CCI**: Calculates the difference from -100 when CCI is below -100 and accumulates it.
- **MFI**: Begins accumulation when MFI is below 20.
2. **Threshold Trigger Monitoring**:
- When the accumulated value exceeds the predefined threshold (default 100), a "Goal" marker is displayed on the chart, indicating a potential bottom.
3. **Multi-Timeframe Analysis (MTF)**:
- Supports selecting different timeframes (such as daily, weekly) for indicator values and displays multi-timeframe accumulation curves on the main chart.
4. **Customizable and Dynamic Adjustment Options**:
- Allows customization of indicator lengths, accumulation thresholds, display colors, line thickness, and more, offering flexible settings.
---
## 3. Settings Explanation
1. **RSI Length**: Period for RSI calculation (default 14).
2. **CCI Length**: Period for CCI calculation (default 20).
3. **MFI Length**: Period for MFI calculation (default 14).
4. **Sum Threshold for Marker**: Accumulation value threshold to trigger markers (default 100).
5. **Indicator to Track**: Select the indicator to monitor (RSI / CCI / MFI).
6. **Multi-Timeframe Line Timeframe**: Timeframe for multi-timeframe analysis (default Daily).
7. **MTF Sum Threshold for Reset**: Accumulation threshold for multi-timeframe analysis, resets after exceeding (default 100).
8. **MTF Sum Line Color**: Color of the multi-timeframe accumulation line (default Orange).
9. **MTF Line Width**: Thickness of the multi-timeframe accumulation line (default 2).
---
## 4. Chart Explanation
1. **Value Sum Line**: Accumulation curve for oversold areas, showing the current progress of accumulation to monitor potential reversals.
2. **MTF Value Sum Line**: Multi-timeframe accumulation line, further verifying consistency between different timeframes.
3. **Goal Marker**: Displays a "Goal" marker on the chart when the accumulation value exceeds the predefined threshold, indicating a potential bottom area.
---
## 5. Usage Tips
1. **Select Indicators Based on Conditions**:
- For clear downtrends, RSI may provide better results.
- For highly volatile markets, CCI is more effective.
- To consider volume factors, choose the MFI indicator.
2. **Multi-Timeframe Analysis**:
- Use multi-timeframe accumulation curves to further confirm the consistency between larger and smaller timeframes.
3. **Continuous Monitoring and Adjusting Thresholds**:
- Adjust accumulation thresholds according to market volatility to select more suitable risk control methods.
---
## 6. Notes
1. **Oversold indicators alone cannot fully capture the market environment. Please combine them with other technical indicators and fundamental analysis.**
2. **The indicator does not guarantee market bottom reversals. Please use it rationally and avoid over-reliance.**
---
For any questions or feedback, please contact us.
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