MtGox Buy Signal Reached

Bitcoin / U.S. DollarMt.Gox

Description

⋅ Feb 8, 2014 11:29 PM

I absolutely LOVE this Willy21MA13 Indicator.

This is a long term chart on 4h mode.. and as you can see, when this red line reaches sub 80.. it is a clear buy signal everytime.

So on this basis. I am declaring this a time to buy !

Comments

brianlow

⋅ Feb 8, 2014 11:57 PM

Thanks.

wheredagoldat

⋅ Feb 8, 2014 11:45 PM

@flibbr is the Willy21MA13 your own script?

flibbr

⋅ Feb 8, 2014 11:46 PM

No.. @CRInvestor gave it to me... said someone gave it to him. . here is the code;

study(title="Willams21EMA13", shorttitle="Willy21MA13")
length = input(21, minval=1)
upper = highest(length)
lower = lowest(length)
out = 100 * (close - upper) / (upper - lower)
src = out, len = input(13, minval=1, title="Length")
out2 = ema(out, len)
plot(out, color = green)
plot(out2, title="EMA", color=red)
band1 = hline(-20)
band0 = hline(-80)
fill(band1, band0)

wheredagoldat

⋅ Feb 8, 2014 11:47 PM

Thanks for sharing. I really appreciate that :)

flibbr

⋅ Feb 8, 2014 11:47 PM

May the force be with you.

brianlow

⋅ Feb 8, 2014 11:38 PM

Cool. What is the sell signal?

flibbr

⋅ Feb 8, 2014 11:42 PM

When the Red line goes above -20 it means overbought... but in extreme rally modes it can just bladder on regardless... so I personally use a combination of things for my sell points.