duot

Thoth Script - BTC:04M:18.08.16 - RSI VS Price Slope Divergence

Long
duot Updated   
BITFINEX:BTCUSD   Bitcoin


Long

Give them TA, people love TA.

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Script Uses:

1. Ichimoku Cloud
2. John E. Zero Lag EMA
3. Hilbert Sine Wave Support/Resistance
4. Linear Regression Divergence of price vs
-- ROC
-- RSI
-- ZL-MACD

Parameters:

1. ROC Triggering Threshold:
--- Triggering rate of change value in %
----- Low for lower timeframes, less volatile tokens
----- High for higher timeframes, more volatile tokens

2. Divergence Lookback:
-- Number of candles to lookback for oscillators vs price divergence.

Notes:

-- Use Heikin Ashi
-- Add slippage
-- Refer to backtesting links attached to script post below for example setups.


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"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
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