OPEN-SOURCE SCRIPT
Short-Only Cycle Indicator
This script is a follow-up to my previous 60-day Cycle, Long-Only Indicator.
The "Short-Only Cycle Indicator" is designed to help traders navigate optimal shorting opportunities by analyzing cyclical price behavior over a defined period. It focuses on recognizing distribution phases (ideal for shorting) and accumulation phases (where shorting should be avoided). It should be used with assets that the trader has an existing thesis for downward price movement.
Key Features:
1. Cycle Length: The indicator uses a 60-day cycle to identify high and low points in price, which are then used to determine the current market phase.
2. Distribution Phase: When the price is near the cycle high, the indicator signals a distribution phase, indicating potential shorting opportunities.
3. Accumulation Phase: When the price is near the cycle low, the indicator signals an accumulation phase, advising traders to avoid shorting.
4. Short Signal: A short signal is triggered when the price crosses below the cycle high, which is visually marked on the chart for easy identification.
This indicator is particularly useful for traders who prefer a short-only strategy, as it helps them time their entries and avoid shorting during unfavorable market conditions.
The "Short-Only Cycle Indicator" is designed to help traders navigate optimal shorting opportunities by analyzing cyclical price behavior over a defined period. It focuses on recognizing distribution phases (ideal for shorting) and accumulation phases (where shorting should be avoided). It should be used with assets that the trader has an existing thesis for downward price movement.
Key Features:
1. Cycle Length: The indicator uses a 60-day cycle to identify high and low points in price, which are then used to determine the current market phase.
2. Distribution Phase: When the price is near the cycle high, the indicator signals a distribution phase, indicating potential shorting opportunities.
3. Accumulation Phase: When the price is near the cycle low, the indicator signals an accumulation phase, advising traders to avoid shorting.
4. Short Signal: A short signal is triggered when the price crosses below the cycle high, which is visually marked on the chart for easy identification.
This indicator is particularly useful for traders who prefer a short-only strategy, as it helps them time their entries and avoid shorting during unfavorable market conditions.
開源腳本
在真正的TradingView精神中，這個腳本的作者以開源的方式發佈，這樣交易員可以理解和驗證它。請向作者致敬！您可以免費使用它，但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。
想在圖表上使用此腳本？
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。