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Old Tradability by Kiersten & Haji

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Introduction:
The "Old Tradability" is a meticulously crafted indicator designed exclusively for TradingView users. It brings together the power of various well-respected indicators, offering traders a comprehensive tool to gauge market conditions and make informed decisions. Whether you're a novice trader looking for a reliable indicator or a seasoned professional seeking to add another layer to your analytical toolbox, Old Tradability is tailored to provide actionable insights.

Core Features:

Dual Level Analysis:

Long-Term Trend Analysis: At its core, Old Tradability emphasizes the identification of prevailing long-term market trends. To achieve this, it leverages the capabilities of some of the most recognized indicators in the trading world, such as:
MACD (Moving Average Convergence Divergence): Known for its reliability in spotting trend changes and momentum.
MFI (Money Flow Index): A valuable tool to evaluate the flow of money into and out of an asset, often used to predict overbought or oversold conditions.
Heikin Ashi: A unique form of candlestick charting that filters market noise, helping traders understand the market sentiment and trend direction more clearly.
Short-Term Analysis Using MinMax Normalization: The indicator doesn't stop at just identifying the long-term trend. Recognizing the importance of short-term price movements, Old Tradability applies MinMax Normalization on shorter time frames. This technique adjusts the scale of data, making it easier to spot potential reversals or continuation patterns.
Strategic Trading Recommendations:

The principle is simple yet effective. When the long-term trend is bullish and the short-term analysis places the asset in the bottom 20%, it presents a potential buying opportunity. Conversely, if the long-term trend is bearish and the short-term places the asset in the top 20%, traders might consider it as a selling signal.
Integrated Risk Management Alerts:

One of the standout features of Old Tradability is its built-in risk management system. This feature ensures that traders are not only informed about potential trade setups but also about the inherent risks associated.
The system sends out timely alerts for what it deems as "perfect setups," allowing traders to act swiftly and decisively. This minimizes the chance of missing out on lucrative trades while also providing an extra layer of security by notifying users about unfavorable conditions.
Conclusion:
The Old Tradability Indicator is more than just a tool; it's a comprehensive trading companion. Its dual-level analysis ensures that traders have a holistic view of the market, while its integrated risk management alerts keep them one step ahead. If you're looking for a dependable, detailed, and actionable indicator on TradingView, Old Tradability might just be the perfect addition to your trading strategy. Happy trading!

發行說明

This code is now available to the public. People may now copy and reuse the code in bigger projects. However this script property of NoGoodLuck LLC, and may not be copied or redistributed without credit to Elhadji Ouedrago or NoGoodLuck.