Directly used for entertainment purposes in figuring out the market trend:
Sell/bearish sign: I open a short position on the candle's close. I am bearish on the instrument.
Buy/bullish sign: I open a long position on the candle's close. I am bullish on the instrument.
Red circle: If I run a long position, I take at least 50% unrealized profit into a realized profit on the close candle. I might even convert some portion of the underlying spot into stable coins. I am essentially taking profit along the way as the trend is developing.
Green circle: If I am running a bearish short position, I take at least 50% unrealized profit into a realized profit on the candle's close. I am essentially taking profit along the way as the trend is developing.
Below are used for indications only:
Down Arrows: It is not directly used in opening/closing positions. When the down arrow finishes and the candle close, it sometimes indicates a local top. It does not mean the macro trend has changed.
Up Arrows: It is not directly used in opening/closing positions. When the up arrow finishes and the candle close, it sometimes indicates a local bottom. It does not mean the macro trend has changed.
Red Crosses: It indicates a squeeze may be incoming. When the red crosses finish, the price may move significantly in any one direction. It does not say which direction. It only gives me caution.
Experimental - Below Work in Progress may be from the config only: >> Jasmine - Tweak of Aladdin >> Candle color - Logic is different from Aladdin >> Background color - Logic is different from Aladdin
FAQs Q: Does it use some EMA /MA/Ichimoku/Parabolic SAR, etc? Does it use any indicator with tweaked settings? Answer: No.
Q: What does it mostly use? Answer: Volume and gradual flow of non-interrupted data. The logic depends on the correlation between volume , price bars and the wicks.
Q: Can you make it free or make it open source? Answer: There is no free lunch in this world. I will never reveal or share the source code or make it free for all!
Q: Do you provide ongoing support for the indicator? Answer: Yes, I will continue updating the indicator as long as I can. However it depends entirely on me. I may stop updating as well.
Q: Are the bullish /buy & the bearish /sell markers automatic? Answer: Yes. I do not control it!
Q: Is this financial advice? Answer: Any views expressed by the indicator are personal entertainment views & shouldn't form a basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. It is not financial advice. I highly recommend not even think of using this for actual real-life trading with real money. Neither I nor the indicator is responsible for any misuses, including any profit/loss. There is no warranty on this entertainment product
Thanks Joy, this is the best and only indicator I trust for macro view, the way I use may be different as you tho, ideally I would wait for macro BUY signal (1D or 2D) and then enable agressive automated DCA and start closing the positions when a lele exhaustion shows up.