INVITE-ONLY SCRIPT
Updated

Sentiment TA [Starbots]

Sentiment of Technical Analysis

This script follows the idea of popular "Technical Analysis Summary" on Tradingview. A lot of different Exchanges and Platforms uses the same approach too. tradingview.com/symbols/BTCUSDT/technicals/

I have also coded optimizers to find profitable settings faster.

Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.

🔼Indicators Used (39 so far, adding more)
---Oscillators<16>
ROC, Aroon, On Balance Volume, STOCH RSI, Awesome Oscillator, MACD, RSI, Stoch, Williams %R, Bull Bear Power, ADX, CCI, UO, Momentum, MFI, Vortex Indicator.
---Trend/MAs <19>
EMA(5), SMA(5), EMA(10), SMA(10), EMA(20), SMA(20), EMA(30), SMA(30), EMA(50), SMA(50), EMA(100), SMA(100), EMA(200), SMA(200), VMWA(20), HMA(9), Ichimoku Cloud(9, 26, 52, 26), Parabolic SAR(0.02,0.02,0.2), Supertrend (2,10)
---Pivots <4>
Traditional, Fibonacci, Camarilla, Woodie ")


Calculations
These are the criteria used to determine the rating of the individual indicators used. Note that changes from the last bar are used to determine falling or rising states. Please turn on recalculate after every tick in Properties tab, to use this strategy as indicator and see indicator working in real time - without waiting for a bar close.

All Moving Averages
Buy — MA value < price
Sell — MA value > price
Neutral — MA value = price

Ichimoku Cloud
Buy — base line < price and conversion line crosses price from below and lead line 1 > price and lead line 1 > lead line 2
Sell — base line > price and conversion line crosses price from above and lead line 1 < price and lead line 1 < lead line 2
Neutral — neither Buy nor Sell

Relative Strength Index
Buy — indicator < 30 and rising
Sell — indicator > 70 and falling
Neutral — neither Buy nor Sell

Stochastic
Buy — main line < 20 and main line crosses over the signal line
Sell — main line > 80 and main line crosses under the signal line
Neutral — neither Buy nor Sell

Commodity Channel Index
Buy — indicator < -100 and rising
Sell — indicator > 100 and falling
Neutral — neither Buy nor Sell

Average Directional Index
Buy — indicator > 20 and +DI line crosses over -DI line
Sell — indicator > 20 and +DI line crosses under -DI line
Neutral — neither Buy nor Sell

Awesome Oscillator
Buy — saucer and values are greater than 0, or cross over the zero line
Sell — saucer and values are lower than 0, or cross under the zero line
Neutral — neither Buy nor Sell

Momentum
Buy — indicator values are rising
Sell — indicator values are falling
Neutral — neither Buy nor Sell


Williams Percent Range
Buy — indicator < lower band and rising
Sell — indicator > upper band and falling
Neutral — neither Buy nor Sell

Bulls and Bears Power
Buy — uptrend and BearPower < zero and BearPower is rising
Sell — downtrend and BullPower > zero and BullPower is falling
Neutral — neither Buy nor Sell

...........


The numerical value of the Sell rating is -1, Neutral is 0 and Buy is 1. The group and overall ratings are calculated as the average of the ratings of the individual indicators.

Recommendations for the group or overall ratings are based on this numerical rating value and determined according to the following criteria:

— Strong Sell
— Sell
— Neutral
— Buy
— Strong Buy
Background color is displayed for Buy or Sell based on your Buy Score input and Sell Score input value.
Release Notes
New Andean Oscillator + modified other Oscillators to make them smarter with additional rules.
Release Notes
Updated tooltip of used indicators.
Release Notes
Swing Trade/One Way Mode way of trading available.

Disclaimer