This indicator is my attempt to sniper whale fund in short-mid time frame.
Function
The major part of this indicator is a novel trend oscillator which can use to detected oversold and overbought. With this kind of feature, a whale sniper model can be built for the condtion is after a panic rolling off of price into oversold zone, a sniper zone may happen in advance of whale fund. The yellow color zone is the whale sniper zone indicator, along with a standard long position set up zone with lime color background color. NOTE: when yellow and lime color overlay which indicates a resonance happens. This is a kind of signal with higher confidence level of buy!
Inputs
Sinper Factor --> Default 5.
Key Signal
Trend --> trend oscillator output Trend(1) --> trigger sgnal for trend ocillator Yellow bgcolor --> whale sniper zone Lime bgcolor --> standard long oppotunity zone
Thank you Blackcat! I have analysed your L3 Whale Sniper with BTC and several other altcoins. What I see is that it works the best with 8H as I am a swing trader. As you mentioned, the best buy signal would be when yellow and lime color overlay (first yellow, then lime). Also it would be a good strategy to use this with other indicators, because sometimes one should sell on time or else it will be a losing signal as it would be with other indicators.
I have disabled the buy and sell signals and paying attention only at the yellow and lime cross colors.
blackcat1402
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@HigginsSener, thanks for your feedback and you are right it requires other indicators to be a more powerful strategy. I will add this trend osc to pandas_ta lib ;)
I have disabled the buy and sell signals and paying attention only at the yellow and lime cross colors.