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FieryTrading: Buy The Dip - Sell The Rip

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Dear Tradingview community,

Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal.

How does it work?
The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term moving average is used to determine whether we're in bullish or bearish market conditions. In bullish conditions the indicator will only go long, in bearish conditions the indicator will only go short.

How do I use it?
Favorite the indicator and apply it to your chart! You can add an alert to the indicator to receive a message once it has detected a good point for a reversal trade.

The indicator can be used on all assets and on all timeframes. Personally, I've found the 1 - 4 hourly timeframes to yield the best results.

Good luck!
發布通知
Changed the alertcondition to correctly follow the strategy
Bitcoin (Cryptocurrency)BTCcryptofieryfierytradingmultitimeframeOscillatorsRelative Strength Index (RSI)reversalsma

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?


🎯Official Channel: t.me/FieryTradingChannel

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✅Monster Signals: t.me/monster_cryptosignals

🔥Premium Signals: fierytrading.com
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