Multifactor Buy/Sell Strategy V2 | RSI, MACD, ATR, EMA, Boll.

2024년 11월 13일

1INCHUSDT
This Pine Script code for TradingView is a multifactor Buy/Sell indicator that combines several technical factors to generate trading signals based on trend, volatility, and volume conditions. Here’s a breakdown of the main components and functionality:

Indicator Name
- Multifactor Buy/Sell Strategy V2 — an overlay indicator applied directly on the price chart.

### Input Parameters
The script includes multiple customizable parameters:
- RSI, EMA, MACD parameters — for setting periods and signals of MACD and RSI.
- ATR and Bollinger Bands — used for volatility analysis and level determination.
- Minimum Volatility Threshold — sets a minimum Bollinger Band width threshold for determining high volatility.

Core Indicators
1. RSI — calculated to identify oversold (below 30) and overbought (above 70) conditions.
2. EMA and MACD — calculates exponential moving averages and MACD histogram to determine trend direction.
3. ATR and Bollinger Bands — used to assess current volatility and establish dynamic upper and lower bands.

Volatility and Volume Analysis
- Determines the current ATR level and Bollinger Band width to evaluate high volatility.
- Calculates the volume moving average to track periods of increased volume during high volatility.

Trend Analysis
The script uses the difference between fast and slow EMAs to define strong trends:
- Uptrend — when the fast EMA is above the slow EMA, the price is above the fast EMA, and the trend is strong.
- Downtrend — when the fast EMA is below the slow EMA, the price is below the fast EMA, and the trend is strong.

Momentum Filter
- Based on the price change over the last three bars and compared against the minimum volatility threshold to identify strong momentum.

Buy and Sell Signal Generation
- Buy Signal: Uptrend with RSI oversold, positive MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
- Sell Signal: Downtrend with RSI overbought, negative MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.

Visualization
- Buy and sell signals are displayed as green and red triangles on the chart.
- Plots for fast and slow EMAs, upper and lower bands, and Bollinger Bands.

Alerts
The script includes alert conditions for buy and sell signals, allowing notifications to be sent via email or mobile app.

Information Panel
A small table on the chart displays current volatility dataThis Pine Script code for TradingView is a multifactor Buy/Sell indicator that combines several technical factors to generate trading signals based on trend, volatility, and volume conditions. Here’s a breakdown of the main components and functionality:

Indicator Name
- Multifactor Buy/Sell Strategy V2 — an overlay indicator applied directly on the price chart.

Input Parameters
The script includes multiple customizable parameters:
- **RSI, EMA, MACD parameters** — for setting periods and signals of MACD and RSI.
- **ATR and Bollinger Bands** — used for volatility analysis and level determination.
- **Minimum Volatility Threshold** — sets a minimum Bollinger Band width threshold for determining high volatility.

Core Indicators
1. RSI — calculated to identify oversold (below 30) and overbought (above 70) conditions.
2. EMA and MACD — calculates exponential moving averages and MACD histogram to determine trend direction.
3. ATR and Bollinger Bands — used to assess current volatility and establish dynamic upper and lower bands.

Volatility and Volume Analysis
- Determines the current ATR level and Bollinger Band width to evaluate high volatility.
- Calculates the volume moving average to track periods of increased volume during high volatility.

Trend Analysis
The script uses the difference between fast and slow EMAs to define strong trends:
- Uptrend — when the fast EMA is above the slow EMA, the price is above the fast EMA, and the trend is strong.
- Downtrend — when the fast EMA is below the slow EMA, the price is below the fast EMA, and the trend is strong.

Momentum Filter
- Based on the price change over the last three bars and compared against the minimum volatility threshold to identify strong momentum.

Buy and Sell Signal Generation
- Buy Signal: Uptrend with RSI oversold, positive MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
- Sell Signal: Downtrend with RSI overbought, negative MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.

Visualization
- Buy and sell signals are displayed as green and red triangles on the chart.
- Plots for fast and slow EMAs, upper and lower bands, and Bollinger Bands.

Alerts
The script includes alert conditions for buy and sell signals, allowing notifications to be sent via email or mobile app.

Information Panel
A small table on the chart displays current volatility
- Volatility Status — indicates high or low volatility.
- Bollinger Band Width — current width as a percentage.
- ATR Ratio — ratio of current ATR to long-term average ATR.

This script is suitable for trading in high-volatility conditions, combining multiple filters and factors to generate precise buy and sell signals.

2024년 11월 13일

릴리즈 노트

BCHUSDT
In the improved script:

Current Signal Display: Added a "Current Signal" row in the information table that shows "BUY," "SELL," or "HOLD" based on the latest signal.
Unified Alert: Introduced a third alert ("Any Signal Alert") that triggers for either a Buy or Sell signal, simplifying monitoring.

2024년 12월 4일

릴리즈 노트

Visual Improvements...