PROTECTED SOURCE SCRIPT
BatTrend2
This script can be used two ways:
First, it can be used as an indicator of where buyer and seller exhaustion is likely to occur on Bitcoin. Red bars indicate buyer exhaustion, which means the price is likely to come down. Green bars indicate seller exhaustion, which means the price is likely to go up. A parabolic candle in the opposite direction of the indicator will usually invalidate the signal.
Second, assuming you plan to enter a position in multiple lots, it can be used as an indicator of where to build or exit your position.
I’ve only tested it on the 4 hour but it seems to work well on the daily. On parabolic runs up or down you will get false signals as the bears and bulls battle it out, so use the signals intelligently.
First, it can be used as an indicator of where buyer and seller exhaustion is likely to occur on Bitcoin. Red bars indicate buyer exhaustion, which means the price is likely to come down. Green bars indicate seller exhaustion, which means the price is likely to go up. A parabolic candle in the opposite direction of the indicator will usually invalidate the signal.
Second, assuming you plan to enter a position in multiple lots, it can be used as an indicator of where to build or exit your position.
I’ve only tested it on the 4 hour but it seems to work well on the daily. On parabolic runs up or down you will get false signals as the bears and bulls battle it out, so use the signals intelligently.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。