MTGOX:BTCUSD   Bitcoin / U.S. Dollar
570 7 4
Voodoo Dolls

This does a strange calculation I came up with involving MA cross averaged between two periods of time in order to place Voodoo dolls (maroon crosses) on a trend line. I'd guess it's a trending indicator. What's cool about it is (when it works) It tries to predict decision times far into the future. These are usually small price swings or times the market is anticipating a push/pullback.

Whether buy or sell, these timing predictions or moments of likely direction change seem like they could come in handy.

Trend Analysis

The Voodoo dolls are drawn along a special moving average . It is actually an average of two different moving averages and offsets intended to differentiate signals from market noise. The symmetry helps graph expected trend behavior across different time frames. Significant widening of the gap (divergence) with the "mouth" curving outwards is a sign of pullback.

MA Envelope

This is a standard 9 / 30 moving average with green fill.

Dips and Rips

As an added bonus, I have included a rip detector that puts up green and red circles whenever the price dips or rips away from the trend line. These can be used, along with volume , RSI , and such, in order to detect buy and sell times.

MA Voodoo comes with absolutely no warrantee. Obviously, this would best be used with other indicators as part of a comprehensive trading strategy.

BTC tip jar
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Hellork
2 years ago
I've been thinking about this (the calculation came to me somewhat out of the blue) and I guess what it does is filter out the third harmonic, by averaging the 30ma shifted by 100 with the 9ma shifted 33. This needs to take other timescales into account and create a wave function, I think, or maybe just bigger crosses for the 12/42 ma pair.
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flibbr PRO Hellork
2 years ago
The head and shoulders delayed and turned into a ascending triangle.. big sell wall obviously put people off.. maybe the pumper getting people to sell into his pumped coins ? Regardless. We also had the breakout up from the rising wedge. Bitcoin does what it wants.
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Hellork
2 years ago
this rising wedge could break downwards
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lix
2 years ago
Nice ! What's this RSI BS indicator ? It seems quite strong
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Hellork lix
2 years ago
I tweaked it a little and added buy/sell indicators.

study(title="RSI Buy Sell", shorttitle="RSI BS", overlay=false)
// Copyright (C) 2014 Henry Kroll www.thenerdshow.com
// Licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
length1 = input(title="Length1", type=integer, defval=7, minval=3, maxval=200)
uline = input(title = "upper line", type=integer, defval=70, minval=0, maxval=100)
lline = input(title = "lower line", type=integer, defval=30, minval=0, maxval=100)
k = rsi(close,length1)
p3 = plot(k, style=line, linewidth=2, color=white)
l1=hline(uline, title='lower', color=blue, linestyle=dotted, linewidth=2)
l2=hline(lline, title='lower', color=blue, linestyle=dotted, linewidth=2)
buy = k < lline ? k : na
sell = k > uline ? k : na
plot(buy, style=circles, linewidth=5, color=green)
plot(sell, style=circles, linewidth=5, color=red)
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Hellork lix
2 years ago
The board messed it up, so it gives errors. Here's one on pastebin. http://pastebin.ca/2534011
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BizkitBR PRO
2 years ago
Loved the RSI BS but its not working now... many thanks in advance if you can get it working again...
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