SB Master Chart v4

2021년 6월 11일

This is the follow up to SB Master Chart. This is a subscription only indicator.

SB Master Chart was designed with a minimalist appearance, but is able to provide a trader with all the information he needs at a glance to make informed trading decisions. This chart utilizes the alert() function so the trader can be alerted even while away from a computer to a potential trade opportunity.

Version 4 has been redesigned for maximal efficiency. Over the many iterations of the script, I introduced many new visual affects which detracted from the simplicity of the original script. I have since removed many of the eye candy and kept the fundamental visuals that made the script eye appealing. I have redesigned the back end code of the script to be more efficient with the use of custom functions. From V1 to V2 I introduced a trend filter. This made V2 a multi-time frame script. I have since removed the trend filter because it was filtering out many viable trades on shorter time periods. Despite removing the trend filter, I have kept the multi time period functionality of the script and introduced alerting on multiple time periods with one alert.

This chart incorporates the following indicators in some form

• Bolinger
  
• MACD
  
• RSI
  
• Stochastik
  
• VWAP
  
• Moving Averages
  
• Volume
  

The chart utilizes a combination of 5 indicators to determine overbought and oversold levels.
The green dot indicates oversold conditions. (alerted)
The red dot indicates overbought conditions. (alerted)
The orange dots sometimes precede the green and red dots and are determined by opportunistic volume and often provide better enter and exit opportunities and green and red dots. (alerted)
The yellow dots always precede the green and red dots.

The bar colors are determined by the three moving averages the chart tracks, MA5 , MA20, and MA50.
If the bars are green, a clear uptrend is happening, red represents downtrend.
Yellow bars indicate MA5 is in an uptrend and Orange indicates that MA5 is in a downtrend.

The VWAP lines are based on the following periods and serve as support and resistance lines.

• Green (20 Period)
  
• Yellow (50 Period)
  
• Red (100 Period)
  

The black horizontal lines represent the upper and lower Bollinger bands and serve as elastic support and resistance lines.

The green background represents oversold on 4+ time periods. (alerted)
The red background represents overbought on 4+ time periods. (alerted)

I have also implemented a 4 column table at the top for key indicators: RSI, Stochastic %K, Bollinger, and Daily Trend.

This script utilizes several alert() conditions of various frequency. It utilizes both the alert.freq_once_per_bar_close and alert.freq_once_per_bar options to achieve more timely alerts.

*Special Note - Set alerts on the 30m chart for best results, this will allow regular alerts for all time periods every 30 minutes throughout the trading day.
Some alerts do not require bar close and should be taken more seriously as the alert is more time sensitive.

2021년 6월 15일

릴리즈 노트

Updated table to display how many oversold/overbought periods a chart has.

2021년 6월 15일

릴리즈 노트

Consolidated the alerts mechanism. This version will now display the number of oversold/overbought periods and which periods in one alert. Also updated the tables to show which periods are oversold.

2021년 6월 15일

릴리즈 노트

Removed inputs. Chart will automatically alert on 30m, 1h, 2h, 4h and 1d.

2021년 6월 15일

릴리즈 노트

Fixed a bug with the orange dot overbought/oversold alert.

2021년 6월 15일

릴리즈 노트

Update chart table image on script.

2021년 6월 15일

릴리즈 노트

More updates to the alerts feature.

2021년 6월 18일

릴리즈 노트

Updated table to include daily vwap for determining a price target when making a trade. Also swapped out 100 period vwap support line for a 200 period vwap line.

2021년 6월 25일

릴리즈 노트

Updated the way high volume alerts occur. It was alerting on too many time frames, I have combined all the time frames into one alert.

2021년 6월 25일

릴리즈 노트

Minor changes to volume alerts, added more conditions. The end goal is to receive less alerts, more actionable alerts.

2021년 6월 25일

릴리즈 노트

Fixed alert bug.

2021년 6월 25일

릴리즈 노트

More alert bug fixes

2021년 7월 2일

릴리즈 노트

Updated Visuals, added support and resistance lines. Support lines based on 30m, 1h, and 2h charts. Best used on a 30m chart.
Added options to disable support lines and vwap lines.

No algo changes made in this update, its strictly visual updates to help trader make more informed decisions.

2021년 8월 6일

릴리즈 노트

Made vwap lines default for support lines. You can change the settings in the options if you prefer support lines determined by RSI + Volume and/or both.