must be used with RSI CANDLES , helps keep you in the trade even better. green candles buy red/black sell
p.s right click the right hand price bar and click reset scale :)
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new version includes RSI Candles V5 Ichi CLOUD + Lagging span Satoshi's MA's SHEAVY indicator all indicators can be adjusted and or removed from the chart. RSI candles are adjusted in accordance to SHEAVY signal not actual oversold overbought conditions.
USE INDICATOR WITH YOUR OWN RISK ANY OR ALL LOSSES/WINS WILL NOT BE HELD RESPONSIBLE BY THE CREATOR OF THIS SCRIPT.
SHEAVY will give white for LONG entries and DEEP red for SHORT -------------------------------------------------------------------------------- WHITE SHEAVY signal + DEEP RED candles = MED-HIGH risk LONG entry WHITE SHEAVY signal + BRIGHT RED candles = MED risk LONG entry WHITE SHEAVY signal + WHITE candles = LOW risk LONG entry
DEEP RED SHEAVY + DARK GREEN = HIGH risk short DEEP RED SHEAVY + BRIGHT GREEN = MED RISK SHORT DEEP RED SHEAVY + DEEP RED = LOW risk short ---------------------------------------------------------------------------------- RSI Candles V5 : RSI period (14) LIME GREEN = very over bought +85 DARK GREEN = overbought +65
DARK RED = oversold -40 BRIGHT RED = very oversold -15
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Moving Averages now have the option to be put into EMA or SMA New BUY/SELL signals, option to change symbols and color All variables could be changed but these are what i found work best
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Added WMA 13 and EMA 5 Removed the Lagging Span
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NEW😎 CUSTOM ALERT, Now whenyou add sheavy signal as an alert it will have a set condition that must be met in order to long. Cross over with one close. Then the alert message will give you a brief idea of what to do when entering the trade.
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New flags added MA added Kelter Channel 😎
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COMPLETE overhaul sort of
new variables
Sheavy line flips colors bearishly/bullishly
S is for SHORT B is for BUY or LONG
RSI Candles technique can be applied
meaning you dont long unless you have a white candle , preferably a blue dont short unless you have red candles
LIME = really overbought RED = really oversold BLUE = bought SALMON = sold
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I noticed i placed thae wrong variables for the length , changed and fixed from 14 to 200 :)
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Added SAR for extra support and a stop placement idea
USE SHEAVY with Satoshi RSI crossover tech
all variables must be met to enter trade long or short
sheavy signal(B/S) + RSI crossover + Support/Resistance from Trendlines, SAR, or 21 SMA
to exit you just need two of those signals above to not be true
so if long then during PA you get a short and a 5 ema crossover on RSI then you exit before you get the full confirmation exit :)
tweaked colors and changed the momentum trigger algo!
More accurate
Two different signals
This is a pretty robust indicator and one can find many ways to use it
It shows current TF momentum via a back ground code It can show ANY time frame momentum on any time frame chart , for ex in the pictured chart its the 30 minute momentum on the 5 minute chart It has 3 WMAS that i chose, they are based on the ATR/SuperTrend code but made into WMAS (kinda)
The OG signals work best on heikan ashi The other works best on standard candles
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Added the 220 TrendAID line for Take profit and entry on retest ideas !
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changed the 13-55 to a 10-21
I liked it better
FAV combo is m3 momentum JUST the 10-21 on SOMETIMES 220 then the NEW signals + momentum checked which flash S and B at the respected plots
get access by DM here or on twitter
CHEERS
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Added some alerts and signals based SOLELY on the adjusted time frame momentum flips
+ = Positive momentum or cyan/teal candles - = Negative momentum or red/pink candles
Shown are the new signals
CHEERS
attain access by giving me a DM
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Changed a small error on the momentum signals :)
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Better signals and less noise on the chart :)
Cheers!
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added a few things back as per request!
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cleaned up a ton of clutter and not needed information
Alerts are now from the OG signal
The script will tell you momentum on any time frame on ay chart youd like as well as give you BUY and SELL signals that can be followed as long as momentum agrees!