dynismaux

Market Cipher B [WEA] Beta + WT Divergences + MFI RSI Area

This is an attempt to automate the search for divergences in the wavetrend indicator, I publish it separately because I am not going to modify it anymore.
Release Notes: Fixed big red dot condition
Release Notes: Added golden buy dots
RSI Divergences drawed
Release Notes: Divergence testing
Release Notes: More divergence precision
Release Notes: Some divergence testing
Alerts added for:
- Buy/Sell big circles
- Buy/Sell + Divergence WT/RSI
- Gold Circle Buy
Release Notes: Purple divergence WT/RSI dots changed
Release Notes: Divergence cross fix
Release Notes: MFI+RSI Area improved
Release Notes: Divergence adjusted
Release Notes: Option for show/hide divergences
Orange dots now appears after divergence
Green dots after divergence more visible
RSI Divergences hidden by default
Release Notes: Code cleaned a little bit.
'Hidden divergences' added but they are hidden by default.
Now you can disable OS/OB Limits for Hidden divergences.
Colors of rsi, wavetrend and divergences changed.
Stochastic RSI added, hidden by default, check options.
Tested on 2h, 4h timeframe
Release Notes: Option show/hide vwap, mfi+rsi area & bar.
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Thank you! Just hit the Following button ;)
+1 Reply
This is awesome!
1 thing would make this even better - Highlight the background of the indicator RED or Green according to MACD crosses up or down :)
+2 Reply
There is a difference in money flow index compared to Market Cipher.
+4 Reply
@Thunderr, there is a way to have a money flow index similar like market cipher
Reply
jony09 quemilanga
@quemilanga, Which way ?
Reply
@jony09, Check my script of market cipher B without divergences. I updated the MFI area, seems to be near the same as original.
Reply
jony09 dynismaux
@dynismaux, thanks
Reply
Thunderr dynismaux
@dynismaux, updated version of MFI is much better now but a little bit different still. Timing when green and red wave starts is almost perfect when RSI+MFI period equals 60 but noticeable difference I see is in red wave thickness. When I'm rising RSI+MFI area multiplier green wave is growing ok in terms of thickness but red wave is still to thin for some reason.
Other than that you did a great job man. Your version of MC is really good.
+2 Reply
Lij_MC dynismaux
@dynismaux, is this reflected in this current script update 5 october?
+1 Reply
does it changes ( repaint) or static ?
+4 Reply
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