Like technical analysis? Here is an experiment I call MA Voodoo. It seems to work best with 15m, 5m, 2h and 1h charts. The 2h chart has predicted the timing of every major crash and recovery of Bitcoin days in advance!
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 entry points in an up market, small price swings or times the market is anticipating a push... I circled them in blue.
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. The symmetry helps graph expected trend behavior across different time frames, as long as too much news doesn't come along to change the market.
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 moving average. 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 (in case this makes you very wealthy) 1KjEBYUh9WJ2z8UBhhu5hX8t6XTsBUFH4G
Comments
ricky777
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Nice. Ok, How do I save the template, or apply your settings to my own chart?
Hellork
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I'm not sure. I'm pretty new at this. I can paste it here, but it's very much a work in progress. pastebin.ca/2531305
ricky777
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Thank You Very Much. I will be back after I figure out how to paste it and get it running. Later...
freemega
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ricky777 click on script editor
ricky777
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Thank you freemega. I got it working. Now going to test it over the next several weeks.
ricky777
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All of a sudden the template does not work.
The error is: Script could not be translated from: length1 = input(title="Length1",
Any ideas?
ricky777
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I quess it was a tradingview glitch... it's working again..
ricky777
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Hi.
New error : Error: Cannot call `<series>` with arguments (na); available overloads: <series>(float) => series. Yesterday, I had to remove spaces in the code to get it to work, but today, this is a new error.
Do you think Tradingview is the cause of all this?