OPEN-SOURCE SCRIPT
VIVIDLY MIX Scalper with signal & EMA_Angle
VIVIDLY MIX Scalper with Signal & EMA Angle Indicator Description
This indicator is a versatile scalping tool that combines several popular indicators with an added signal based on their interaction. The primary goal of the indicator is to provide traders with clear information about the current market conditions and potential entry and exit points.
Integrated Indicators and Their Authors:
CM_SlingShotSystem (© ChrisMoody): This component helps identify the trend direction and pullback moments. It utilizes two exponential moving averages (EMAs) to pinpoint aggressive and conservative entry points. Thank you to ChrisMoody for this valuable trend identification tool.
Parabolic SAR + EMA 200 + MACD Signals (© Saleh_Toodarvari): This section includes Parabolic SAR for tracking potential trend reversals, the EMA 200 for determining the long-term trend, and MACD for measuring momentum and identifying divergences. We appreciate Saleh_Toodarvari for integrating these important indicators.
Double Zig Zag with HHLL (© LonesomeTheBlue): This indicator displays two zig zag lines with different periods to highlight significant price reversals and the formation of Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). Thank you to LonesomeTheBlue for visualizing market structure.
Swing Points and Liquidity (© LeviathanCapital): This tool marks significant price reversals (swings) and optionally displays volume and open interest changes at these levels, helping to identify potential liquidity zones. We thank LeviathanCapital for assisting in identifying key price levels.
Relative Strength Index (RSI): The standard RSI indicator is used to measure the strength of recent price changes and identify overbought and oversold conditions.
Awesome Oscillator (AO): The Awesome Oscillator indicator measures market momentum by comparing short-term and long-term moving averages of the price.
New Combined Signal:
The added buy and sell signal is based on the simultaneous confirmation of the following four conditions:
RSI vs. RSI Moving Average: The RSI must cross above its moving average for a buy signal and below for a sell signal.
MACD:
Crossover: The MACD signal line must cross above the MACD line for a buy signal and below the MACD line for a sell signal.
Histogram: The MACD histogram must be above zero for a buy signal and below zero for a sell signal.
Awesome Oscillator (AO): The current AO bar must be green (higher than the previous) for a buy signal and red (lower than the previous) for a sell signal.
When all four conditions are met simultaneously, a "Buy X 4" or "Sell X 4" label appears on the chart, indicating a potential opportunity to enter a position.
EMA Angle:
The indicator also calculates the angle of the fast EMA (exponential moving average). This allows for assessing the strength of the current price movement. Positive angle values suggest an upward trend, while negative values indicate a downward trend.
Default EMA Angle Values for Specific Coins:
The indicator offers default EMA angle values for the following cryptocurrencies:
BTC: 0.0004
ETH: 0.025
SOL: 0.14
DOGE: 330
SUI: 21
BNB: 0.2
TON: 300
AAVE: 0.09
AVAX: 1
PEOPLE: 800
These values can be adjusted in the indicator settings.
Signals Table:
A table is displayed in the top-right corner of the chart, providing a summary of the current status of various indicators:
CHECK: The header for the signal check column.
LONG: Indicates the presence of a buy signal.
SHORT: Indicates the presence of a sell signal.
Each row in the table corresponds to a specific condition or indicator:
RSI vs MA: Shows where the RSI is relative to its moving average.
MACD CROSS: Indicates a MACD line crossover.
MACD HIST: Shows the position of the MACD histogram relative to zero.
AO BAR: Displays the color of the current AO bar.
SAR: Shows the current position of the Parabolic SAR relative to the price.
RSI 50: Indicates whether the RSI is above or below the 50 level.
AO: Shows whether the Awesome Oscillator is above or below zero.
200MA: Indicates whether the price is above or below the 200-period EMA.
CONS ENTRY: Displays conservative entry signals from the CM_SlingShotSystem.
RSI : 70/30: Shows whether the RSI is in overbought (above 70) or oversold (below 30) zones.
Fast EMA angle: Displays the current angle of the fast EMA.
A "✔️" symbol in the corresponding cell signifies that the condition is met for that direction (Long or Short), while a "➖" indicates no signal.
In Conclusion:
The VIVIDLY MIX Scalper with Signal & EMA Angle indicator is a comprehensive scalping solution, providing traders with a multitude of analysis tools and signal filtering capabilities. The combination of proven indicators and the added signal based on their synergy can assist in making more informed trading decisions. Remember to conduct your own research and test the indicator under various market conditions before using it in live trading.
This indicator is a versatile scalping tool that combines several popular indicators with an added signal based on their interaction. The primary goal of the indicator is to provide traders with clear information about the current market conditions and potential entry and exit points.
Integrated Indicators and Their Authors:
CM_SlingShotSystem (© ChrisMoody): This component helps identify the trend direction and pullback moments. It utilizes two exponential moving averages (EMAs) to pinpoint aggressive and conservative entry points. Thank you to ChrisMoody for this valuable trend identification tool.
Parabolic SAR + EMA 200 + MACD Signals (© Saleh_Toodarvari): This section includes Parabolic SAR for tracking potential trend reversals, the EMA 200 for determining the long-term trend, and MACD for measuring momentum and identifying divergences. We appreciate Saleh_Toodarvari for integrating these important indicators.
Double Zig Zag with HHLL (© LonesomeTheBlue): This indicator displays two zig zag lines with different periods to highlight significant price reversals and the formation of Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). Thank you to LonesomeTheBlue for visualizing market structure.
Swing Points and Liquidity (© LeviathanCapital): This tool marks significant price reversals (swings) and optionally displays volume and open interest changes at these levels, helping to identify potential liquidity zones. We thank LeviathanCapital for assisting in identifying key price levels.
Relative Strength Index (RSI): The standard RSI indicator is used to measure the strength of recent price changes and identify overbought and oversold conditions.
Awesome Oscillator (AO): The Awesome Oscillator indicator measures market momentum by comparing short-term and long-term moving averages of the price.
New Combined Signal:
The added buy and sell signal is based on the simultaneous confirmation of the following four conditions:
RSI vs. RSI Moving Average: The RSI must cross above its moving average for a buy signal and below for a sell signal.
MACD:
Crossover: The MACD signal line must cross above the MACD line for a buy signal and below the MACD line for a sell signal.
Histogram: The MACD histogram must be above zero for a buy signal and below zero for a sell signal.
Awesome Oscillator (AO): The current AO bar must be green (higher than the previous) for a buy signal and red (lower than the previous) for a sell signal.
When all four conditions are met simultaneously, a "Buy X 4" or "Sell X 4" label appears on the chart, indicating a potential opportunity to enter a position.
EMA Angle:
The indicator also calculates the angle of the fast EMA (exponential moving average). This allows for assessing the strength of the current price movement. Positive angle values suggest an upward trend, while negative values indicate a downward trend.
Default EMA Angle Values for Specific Coins:
The indicator offers default EMA angle values for the following cryptocurrencies:
BTC: 0.0004
ETH: 0.025
SOL: 0.14
DOGE: 330
SUI: 21
BNB: 0.2
TON: 300
AAVE: 0.09
AVAX: 1
PEOPLE: 800
These values can be adjusted in the indicator settings.
Signals Table:
A table is displayed in the top-right corner of the chart, providing a summary of the current status of various indicators:
CHECK: The header for the signal check column.
LONG: Indicates the presence of a buy signal.
SHORT: Indicates the presence of a sell signal.
Each row in the table corresponds to a specific condition or indicator:
RSI vs MA: Shows where the RSI is relative to its moving average.
MACD CROSS: Indicates a MACD line crossover.
MACD HIST: Shows the position of the MACD histogram relative to zero.
AO BAR: Displays the color of the current AO bar.
SAR: Shows the current position of the Parabolic SAR relative to the price.
RSI 50: Indicates whether the RSI is above or below the 50 level.
AO: Shows whether the Awesome Oscillator is above or below zero.
200MA: Indicates whether the price is above or below the 200-period EMA.
CONS ENTRY: Displays conservative entry signals from the CM_SlingShotSystem.
RSI : 70/30: Shows whether the RSI is in overbought (above 70) or oversold (below 30) zones.
Fast EMA angle: Displays the current angle of the fast EMA.
A "✔️" symbol in the corresponding cell signifies that the condition is met for that direction (Long or Short), while a "➖" indicates no signal.
In Conclusion:
The VIVIDLY MIX Scalper with Signal & EMA Angle indicator is a comprehensive scalping solution, providing traders with a multitude of analysis tools and signal filtering capabilities. The combination of proven indicators and the added signal based on their synergy can assist in making more informed trading decisions. Remember to conduct your own research and test the indicator under various market conditions before using it in live trading.
Open-source script
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