PROTECTED SOURCE SCRIPT
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Market Turn Identifier

3 462
How to identify tops and bottoms?

This script uses a combination of indicators to determine if it is a top or a bottom. It is best used in a bull market, where prices will extend in both directions. Good example is, cryptocurrencies.
Because prices extend on both directions, RSI divergences are great signs. Volume likewise. MACD is used as a final trigger. All of these signs don't have to necessarily happen on 1 exact candle, but should be spatially close.

List of requirements:

Top

  • MACD crossover
    RSI bear divergence
    Dropping volume (COMING SOON)


Bottom

*MACD crossunder
RSI bullish divergence
Increasing volume (COMING SOON)

This works the best in a medium time frame, from 2h-12h chart.
發行說明
Cleanup chart.
發行說明
Fix signals not getting positioned properly.

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