A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites!
🚀Indicator Specific Info
⛔Please remember that you may have to adjust the overbought and oversold levels to suit the of the instrument you are working with. In the future I will implement a feature that does this automatically, but for now its manual. Many times the levels I set in default work well and almost act as zones for the indicator.
The OB/OS zones are given in two levels, because often you can find a line of best fit that will hit "small movements" and one that will hit "big movements." In this case I chose 20 and -20 for the small zones. For the bigger zones I chose 30 and -30.
Heiken Ashi candles adds some more clear trend changing points which can be executed at the second candle going in either direction. Other coins/charts will require their own strategy - you could potentially have to tweak that parameter. In this example you would enter on 2nd green, exit on 2nd red.
weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. On this particular indicator it adds alot more noise, and I dont particularly care for it, but YMMV. Example of what I mean:
💭Please leave me any ideas or feedback you have!
🚫If you use weighting you should be on heiken candles.
🚀Crypto-Sticks General Info
🚧This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).
📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. I recommend using the indicator on this setting.
🔊Lastly I implemented a Weighting system for them all which simply integrates into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise.
👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.
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