myselfbtc

bitcoin 3 bars + ema's fomo warning

124 0 15
snapshot


if the line is red mean the majority of the conditions are turning bull and a possible drop can happen so in a way this is a contrarian indicator
this works only into uptrend on down trend the line will be always yellow
use trend lines and channels to determine trends for example
to increase sensibility lower the "10" to 8 or 7
Remove from Favorite Scripts Add to Favorite Scripts
study(title="bitcoin warning", shorttitle="read the scrypt", overlay=true)
toperino=(iff(close[0]>close[1],1,-1))+ // past 3 bars needs to be all green
    (iff(close[1]>close[2],1,-1))+
    (iff(close[2]>close[3],1,-1))+
    (iff(ema(close,5)[0]>ema(close,5)[1],1,-1))+// 5 bar ema need to have 3 days up slope to reduce some noise 
    (iff(ema(close,5)[1]>ema(close,5)[2],1,-1))+
    (iff(ema(close,5)[2]>ema(close,5)[3],1,-1))+
    (iff(ema(close,10)[0]>ema(close,10)[1],1,-1))+//the rest of ema's just need to have up slope
    (iff(ema(close,15)[0]>ema(close,15)[1],1,-1))+
    (iff(ema(close,20)[0]>ema(close,20)[1],1,-1))+
    (iff(ema(close,25)[0]>ema(close,25)[1],1,-1))+
    (iff(ema(close,30)[0]>ema(close,30)[1],1,-1))
    

    
    
istop=toperino > 10 ? red:yellow
sma1=sma(low,1)*0.95
plot(sma1, color=istop, style=circles,linewidth=3, join=true)


// if the line is red mean the majority of the conditions are turning bull and a possible drop can happen so in a way this is a contrarian indicator
//this works only into uptrend on down trend the line will be always yellow 
//use trend lines and channels to determine trends for example
// to increase sensibility lower the "10" to 8 or 7
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out