INVITE-ONLY SCRIPT
已更新 MTF Cycle Trader
The MTF Cycle Trader indicator identifies four different cycles that drive price under the surface.
Sometimes cycles are not synchronized.
We may get conflicting cycles. For example an up cycle on 60 min time frame will fight with a down micro cycle on 5 min time frame.
However, from time to time cycles get synchronized. They reach the highest point or lowest points at major turning points, peaks and troughs in price.
And this is what this indicator is intended for. It keeps scanning underlying cycles in order to pin point moments when three or four underlying cycles align at peaks or troughs.
Sometimes, price only produces minor pullbacks off those strong Resistance x 3 or Resistance x 4 levels.
That means that there are bigger up cycles on Daily or Weekly time frame that are so powerful that they overcome resistance from three or four down cycles on lower time frames.
In a similar way, price may not respect strong Support x 3 or Support x 4.
That happens when there are stronger down cycles on Daily or Weekly time frames. They are so powerful so they exceed upward pressure from three or four up cycles on lower time frames.
IMPORTANT DISCLAIMER:
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
Sometimes cycles are not synchronized.
We may get conflicting cycles. For example an up cycle on 60 min time frame will fight with a down micro cycle on 5 min time frame.
However, from time to time cycles get synchronized. They reach the highest point or lowest points at major turning points, peaks and troughs in price.
And this is what this indicator is intended for. It keeps scanning underlying cycles in order to pin point moments when three or four underlying cycles align at peaks or troughs.
Sometimes, price only produces minor pullbacks off those strong Resistance x 3 or Resistance x 4 levels.
That means that there are bigger up cycles on Daily or Weekly time frame that are so powerful that they overcome resistance from three or four down cycles on lower time frames.
In a similar way, price may not respect strong Support x 3 or Support x 4.
That happens when there are stronger down cycles on Daily or Weekly time frames. They are so powerful so they exceed upward pressure from three or four up cycles on lower time frames.
IMPORTANT DISCLAIMER:
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
發行說明
ver 2.0, 11 May 2022added alerts for quadruple and triple support and resistance
發行說明
22 May 2022changed Double Supp0rt and Resistance signals, fixed several bugs
發行說明
25 May 2022Added overbought signal (red background) and oversold signal (green background)
發行說明
3 Jun 2022Added hypothetical Buy 1, Buy 2, Sell 1, Sell 2 signals.
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The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
發行說明
v.2.0 published 15 Nov 2022added multi timeframe Overbought and Oversold signals
You can set alerts for Overbought and Oversold signal in the menu
發行說明
v.2.2 fixed bugs發行說明
version 4 published on Dec 25, 2022The indicator now draws labels and generates new alerts:
Overbought, Very overbought and Extreme overbought.
Oversold, Very oversold and Extreme oversold.
to improve accuracy of overbought and oversold signals the indicator now takes into consideration Daily time frame.
發行說明
v.5 published on 16 Jan 2023added weekly and monthly overbought and oversold signals and alerts
發行說明
version 6, 27 April 2023added breakout signals and alerts
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡CastAwayTrader。
請注意，此私人、僅限邀請的腳本尚未經過腳本管理員審核，其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
contact CastAwayTrader@gmail.com to get trial access to the indicator
Join my Telegram channel: t.me/TheCastAwayTrader
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。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡CastAwayTrader。
請注意，此私人、僅限邀請的腳本尚未經過腳本管理員審核，其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
contact CastAwayTrader@gmail.com to get trial access to the indicator
Join my Telegram channel: t.me/TheCastAwayTrader
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。