Ultimator's bottom finder 2.0

2월 21일

This indicator is intended to find local bottoms on certain stocks like GME and SPY.
It is only designed to be effective on a few select stocks and will be useless on others.

The bottom finder attempts to find bottoms by using a unique algorithm I developed, which creates a baseline for what the stock "should" look like vs. what it actually looks like.

Since the algorithm was created to mimic GME price action, it will not work as intended on stocks that trade vastly differently. On stocks other than GME (and SPY) you need to test it for yourself to see if it has any functionality.

Large deviations in the actual price vs baseline price create a spike on the indicator with the magnitude of the spike being the guesstimated deviation. This is intended to show options and swap hedging, which coincidentally tend to coincide with local bottoms on the chart. The indicator creates a highlight when it believes it has found a local bottom. It also changes the color of the line based on the magnitude of the spike.

I added a second line, which performs a similar mechanic, so there are two separate baselines running concurrently. The deviation between the two is shown as a shaded area between the lines.

The indicator doesn't (yet) include after hours functionality, and simply zeroes out at close and before open. Because of this, only short timeframes and long timeframes result in any meaningful data.
Optimized for 1 min and 1 day timeframes.

Alerts are set for when the line turns red and when the indicator highlights. These can be toggled in the alerts menu.

5월 23일

릴리즈 노트

Added a highlight for "Lady Gobble"
Added an alert for "Lady Gobble"

Lady Gobble is when the green line and the blue line diverge where the green line is way below the blue line.

Renamed the lines to "trigger line" and "gobble"
Removed some of the user inputs and hard coded them in.
Added dashed line showing where trigger level minimum value is.

9월 13일

릴리즈 노트

Attempted to add JSON webhooks for the alerts, as well as a webhook for both plotted lines.

json{
"ticker": "GME",
"timestamp": "1694534400000",
"Trigger Line Value": "0.75",
"Gobble Value": "0.31"
}

5일 전

릴리즈 노트

Added toggle to turn on/off each highlight
Added toggle to overlay highlights onto chart
:)