kgiap123

FiFT Pro

kgiap123 Updated   
---- INTRODUCTION ----
This indicator is to measure the strength of BULL and BEAR.
The formulars are based on Price Change and Volume for period of time.
On top of that, Overbought (OB) and Oversold (OS) signal is included which is based on stochastic calculation.
FiFT is come with BoD signal which indicating Potential Buy on Dip setup.
FiFT Pro is further enhance to detect BULL "is about to rally" on Uptrend chart. It is a potential "further buy" signal.

---- HOW TO READ ----
GREEN BAR = BULL is stronger than BEAR
RED BAR = BEAR is stronger than BULL
BLUE BAR = POTENTIAL BoD Signal
BoD (Buy on Dip)
BOD on GREEN (With Star) = Price is oversold, Fast Turtle Buy in BULLISH environment (Strong Buy)
BOD on RED = Price is oversold, Fast Turtle Buy in BEARISH environment (Risk Buy/Do not buy/Monitor)
OB (Overbought)= Fast Turtle Sell with OverBought condition.
OB on GREEN = Price is overbought, Fast Turtle Sell in BULLISH environment (Cautious/Do not sell/Monitor)
OB on RED = Price is overbought, Fast Turtle Sell in BEARISH environment (Strong Sell)

+ve Sign = Potential BULLISH activities (Can consider further Buy IF it's uptrend EMA20 > EMA50)
-ve Sign = Potential BEARISH activities (Can consider take profit/Sell)

Note : Best use with "EMA Indicators with BUY sell Signal" indicator


Release Notes:
Cleanup publication
Release Notes:
Upgrade to PineCode to version4.0
Release Notes:
Currently, FIFT alert is a combination of BoD/Bull Recharge and SaP/Bear Recharge.
This release is to give flexibility to traders choose ONLY BoD or SaP alert.

Hence, FiFT Pro will have 4 Alerts.

BULL -BoD/Bull Recharge
BEAR - SaP/Bear Recharge
BULL - BoD Only
BEAR - Sap Only
Release Notes:
Enable option to highlight Strong BULL or BEAR.
Release Notes:
add alert conditions under FiFT Bull/Bear Recharge. Additional conditions are:-
1) Bull Recharge: FiFT turned from RED to GREEN
2) Bear Recharge: FiFT turned from GREEN to RED
Release Notes:
Verson 110 :
Change + / - text to symbol (Bigger)
Digitalize FiFT. i.e seperate FiFT into 3 Bullish and Bearish categories :-
3 = Strong Bull
2 = Weak Bull
1 = Weak Bull with sign of Bearish Strength (Get ready to Short)
-1 = Weak Bear with sign of Bullish Strength (Get ready to Long)
-2 = Weak Bear
3 = Strong Bear

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact kgiap123 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

Please contact me via TradingView message or Telegram for detail instruction on how to access to this script

Want to use this script on a chart?

Warning: please read before requesting access.