Adedeji_Oracle_v1.0
It gives a holistic overview of several time-frames all at the same time regardless of the TF being viewed. It works for majority of the most commonly used time-frames (15m, 30m, 45m, 1H, 2H, 3H, 4H, 6H, 12H, 18H, 1D, 2D, 3D and 1W).
Tool is best used in conjunction with my other scripts:
1. Cynotronic Divergence tool (tradingview.com/script/FD01285Q-Cynotronic-Divergence-tool-v1/) or any other reliable momentum indicator
2. Adedeji_Edge_v1.1
How to use:
Simply add the indicator to your chart, keep an eye on the color flips of the various layers from top to bottom sequence (from red to blue, or blue to red).
1. Fully engulfed layers colored in blue indicate bullish trend is underway at the chosen time-frame.
2. If the prevailing color is red this is indicative that the overall trend is a bearish one.
3. When there is a mix of red and blue, the dominant trend is determined by the color that dominates the lowest levels of the indicator.
It's advised to keep a keen eye on demand and supply zones (draw relevant Support, Resistance as well as dynamic trendl-lines on the charts) as targets and take profit zones. The suggested complimentary divergence tool gives reliable indication of areas where there is strength or weakness.
This tool works pretty well with all trading pairs, all exchanges and in all markets.
Development/improvement is a continuous thing!
Disclaimer:
Past performance does not guarantee future results. This tool/indicator is for educational purposes. As always you should fully understand there are high risks involved when trading cryptocurrencies and other digital instruments.
Parameters for more efficient and improved multi time-frame analysis added.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact ADEDEJI_EDGE directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact ADEDEJI_EDGE directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.