Predator [Crypto Trading FR]
Another advantage of the Predator indicator is the 50% Line. This could be added as another filter for trading rules. Having the lines above the 50% Predator line indicates that the price is on an uptrend while the lines below the 50% line indicates that the price is on a downtrend.
In this way, the algorithm can serve as a trend filter. For example, long trades can only be taken when values are above 50, while short trades require values below 50.
When the Predator line (orange) crosses above the slow trailing line, it indicates short-term momentum is to the upside, and long trades may be taken. Conversely, when the smoothed RSI crosses below the slow trailing line, short-term momentum is to the downside, and shorts may be more appropriate.
The indicator rarely generates false alarms and has virtually no lag, which makes it invulnerable both during periods of increased volatility and during flats with wide amplitude. Larger timeframes deserve special attention, as you can catch a very strong movement.
Summarizing, we should note that the Predator indicator does not raise any problems, it can be useful for both the beginners who just set foot on the way to learn trading and experienced traders as an additional method or as a signal module.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CryptoTradingFrance 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
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CryptoTradingFrance 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.