I. How to use this indicator : ------------------------------
I.1. Set your teadingview theme to dark theme. I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto. I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) : - Timeframe 1m, 5m, and 15m for Scalping - Timeframe 30m, 1h and 4h for Intraday - Timeframe 4h, 1D and 1W for Swing Trading I.4 Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) : - Trendlines Boll Ichi S1 by Gammaprod - MACD Volume S2 by Gammaprod - Stoch RSI Divs Zone S2 by Gammaprod ============================================================================
II. How to setting : --------------------
II.1. Trendlines Boll Ichi Crypto by Gammaprod II.1.A. Support and Resistance - Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
II.1.B. Trendlines Primary or Trendlines Secondary - Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary - Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support). - Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support). - Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
II.1.C. Bollinger, Ichimoku Cloud and Lagging Span - Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
II.2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT) II.3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT) ============================================================================
III. How to read : ------------------
III.1. Sell or Buy Priority : III.1.A. Sell Priority - Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell) III.1.B. Buy Priority - Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy) III.1.C. Indecision / Golden Moment - Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please be careful at this moment.
III.2. Trend / Consolidation : III.2.A. BULLISH trend - When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
III.2.B. BEARISH trend - When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
III.2.C. CONSOLIDATION - When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
III.3. Special Mark III.3.A. Ideal Bullish : - Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
III.3.B. Not an Ideal Bullish : - Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
III.3.C. Ideal Bearish : - Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
III.3.D. Not an Ideal Bearish: - Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
III.3.E. The Beginning of Reversal (from BEARISH to BULLISH) : - When Stoch RSI line shaping GREEN position is near 20. - MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE. - Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.F. The Beginning of Reversal (from BULLISH to BEARISH) : - When Stoch RSI line shaping PINK position is near 80. - MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN. - Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger): - Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell ============================================================================
IV. How to OPEN position: -------------------------
IV.1. Bullish IV.1.A. Trendlines Boll Ichi S1 by Gammaprod - The candles above the green cloud. - Lagging span (red line) above the candles. - then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
IV.1.B. MACD Volume S2 by Gammaprod - Teal or Green background. - The lines is shaped or shaping green. - Better if at the green histogram.
IV.1.C. Stoch RSI Divs Zone S3 by Gammaprod - Teal or Green background. - The lines is shaping green. - Better if on the bottom (at a range 20).
IV.2. Bearish IV.2.A. Trendlines Boll Ichi S1 by Gammaprod - The candles below the purple cloud. - Lagging span (red line) below the candles. - then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
IV.2.B. MACD Volume S2 by Gammaprod - Pink or purple background. - The lines are shaped or shaping green. - Better if at the pink histogram.
IV.2.C. Stoch RSI Divs Zone S3 by Gammaprod - Pink or purple background. - The lines are shaping pink. - Better if the line on the top (at a range 80).
IV.3. Consolidation IV.3.A. Trendlines Boll Ichi S1 by Gammaprod - The candles on the cloud (green or purple). - Lagging span (red line) on the candles. - then open buy near the white or blue line (always confirm the position with two other indicators below).
IV.3.B. MACD Volume S2 by Gammaprod - Changing the background. - The line is near the middle line. - Have small Histogram.
IV.3.C. Stoch RSI Divs Zone S3 by Gammaprod - Mix background specially on a timeframe 15m or more. - The line move fast up and down. - Better if on the bottom or the top of the lines (at a range 20 or 80). ============================================================================
>> The secret ingredient is comparing the timeframe : The example scalping (Timeframe 1m, 5m and 15m) - TF 1m is for making an open position. - TF 5m is for making a judgement of the trend market. - TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit chars on this column, I hope it will help your trading and make a more profit on it.
Hi Thank you for your efforts and sharing the indicators. Briefly checked the new trendlines indicator, but very difficult to understand it. below are my observations: 1) by default the lagging line (Red) is not visible. It has to be enabled in "Style" tab 2) In the description section 2. Trend/Consolidation -> for bearish trend, the candle must be below purple cloud right ? 3) the clouds and lagging line are distant from the current candles. Cloud is far ahead and Red line is far behind the current candle. we can read past data some level but difficult to judge with the given conditions to take a live trade. Do we need to adjust any other parameters for better visibility ? unfortunately can not attach image here. 4) I just checked for 15m timeframe and enabled Primary trend lines only. Dont know how useful during trading, but even with primary, the chart has so many lines and cluttered with these lines. 5) Is it possible to create a strategy to get alerts or to do backtest the conditions ?
Gammaprod
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@friendlyRox, Hi, thank you for feedback, the answer for question 1. lagging span hide on default, cause I already make indicator MACD Volume S2 By Gammaprod, lagging span sometime make false signal, that why I hide it, cause MACD Volume S2 By Gammaprod when make divergence (regular / hidden) is more accurate, something like this: on bullish trend, macd histogram make 2 double top but the second top is descending and DK line over than histogram, on chart make ascending double top, that means the price will be reverse. but on lagging span still not clear about reversal usually "lagging" or late. the answer for question 2. yes it's purple cloud means bearish and the candle need to be below than cloud. the answer for question 3. the prime function for cloud is resistant / support area, the my ichi cloud have unique setting, when you see resistant / support near cloud then usually touch the cloud, then bouncing, that means cloud is more stronger, and when candle enter the cloud more like it to be sideway, for lagging span, well maybe the answer from question 1 already answer it. the answer for question 4. primary trend is an advance indicator for timeframe minimum or bigger than 1H, I usually used for make prediction when the trend wave is over or bouncing, my setting is only turn it on primary (for looking bouncing spot), secondary is for bouncing correction wave, but some time is tricky when you looking the chart to many line. but it work for day trading or better for swing trader. the answer for question 5. hmmm, first thing heard from you, interesting maybe some day I'll make strategy alert or back test. by the way many thanks for feedback and specially no 5 it's really interesting part.
friendlyRox
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@Gammaprod, Hi, Thank you for the responses. 1) The reason for enquiring about Lagging span(Red line) is becuase it is one of the criteria to take BUY/SELL position. But, incase lagging span is redundant and not important, it should not be in the description right ? 4) The description says that even for 15m time frame, primary trend is needed and for 30m, both primary and secondary are needed. But above answer is that primary trend is for minimum timeframe of 1H.
I believe the indicator descriptions for all the 3 need to be revisited. Hope you agree !!
Gammaprod
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@friendlyRox, hi, deeply sorry, I updates indicators several time, but not the description, I'll make new description on chat section, please wait for couples day, new description and more important how to use combination 3 indicators gammaprod for better result... thanks for reminding me about description.
Gammaprod
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How to read gammaprod indicators (part 1)
# Indicators: 1. Trendlines Boll Ichi S1 By Gammaprod 2. MACD Volumes S2 By Gammaprod 3. Stoch Rsi Divs Zones S3 By Gammaprod 4. Summary indicators are HTML-based (see my Twitter see address for HTML-based indicators).
# Chart pairs: 1. ETHBUSDPERP TF 5M, 15M, 1H / 4H 1.1. Pros: more fixed about the trend.
1.2. Cons: sometimes late and doesn’t have a head start.
2. ETHBUSDPERP TF 5M, ETHBTC TF 5M, and BNBBTC TF 5M (you can change the timeframe duration, you can use what you usually use). 2.1. Pros: faster about entering the trend.
2.2. Cons: the big picture trend is not visible, but it can be fixed with summary indicators (see my Twitter for the HTML-based indicator).
2.3. ETHBUSDPERP is the pair you trade, ETHBTC is confirmation almost always the same direction as ETHBUSDPERP, and BNBBTC is almost always opposite to ETHBUSDPERP.
3. ETHBTC, it used to be in the same direction as ETHBUSDPERP but a little bit faster so you can have a head start, more aggressive on bullish.
4. BNBETH, it used to be opposite direction to ETHBUSDPERP but a little bit faster so you can have a head start, plus when you can’t see support/resistance on ETHBUSDPERP, on BNBETH it used to have support/resistance, again a little bit faster so you can have a head start but remember opposite direction. Still, sometimes has the same direction too, but most of it is the opposite.
# Footnote: sometimes I use ETHBTC and BNBBTC movement as a head start for opening ETHBUSDPERP position (better open ETHBUSDPERP on support/resistance and looking for a head start on other pair).
Timeframe (I usually use TF 5M, 15M and 1H / 4H cause I’m scalping type): This ratio is for ETHBUSDPERP only, if you used ETHBTC and BNBBTC chart you can uncheck the lock price to bar ratio on chart setting and using manual ration by using the scroll and drag on the price scale, I used to make sure it's had the same scale on look like ETHBUSDPERP.
1. 5M: lock price to bar ratio 1 or 0.5 2. 15M: lock price to bar ratio 1.75 or 0.85 3. 1H: lock price to bar ratio 3.5 or 1.75 4. 4H: lock price to bar ratio 6 or 3 5. 1D: lock price to bar ratio 25 or 12.5
The ratio is different for you, but for me, this setting works fine, then scroll down or up to adjust until you are comfortable with the thickness, I know you were thinking why I would be setting the ratio after all.
Gammaprod
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@Gammaprod, How to read gammaprod indicators (part 2)
The first thing I know when trading and not setting the ratio (which means auto), when the trend comes, maybe you think did known chart volatility are moving fast or slow, but actually, you didn't, this thing can make your judgment bias, this ratio setting for me is important, cause not every day have good volatility when bad volatility come and the ratio is auto, then you going to be a trap at a really bad sideway situation if good volatility comes and again the ratio is auto, then you going to be a trap at hell roller coaster badass.
# Tools (bigger monitors are better):
1. Min = 1 PC + 32in monitor / 1 laptop +32in monitor. 1.1. First monitor for looking at summary indicators (see my Twitter address for HTML-based indicators).
1.2. Second monitor for looking at the triple chart (if you use one monitor this should be enough).
2. Recommend = 1 PC 14in Monitor + 32in monitor / 1 PC + 2 pcs 32in monitors. 2.1. First monitor for looking at summary indicators (see my Twitter address for HTML-based indicators).
2.2. Second monitor for looking at the triple chart.
3. Better = 1 PC + 3 pcs 32in monitors. 3.1. The first monitor for looking at summary indicator see my Twitter address for indicator HTML-based).
3.2. Second monitor for looking at the triple chart.
3.3. Third monitor for looking at the triple chart with the bigger timeframe.
# Indicators explain function one by one:
A. Trendlines Boll Ichi S1 By Gammaprod 1. Bollinger: support/resistance, point to buy or sell.
1.1. Buy on the blue line, sell on the white line, and buy or sell on the yellow line when the trend.
1.2. If you sell on the blue line or buy on the white line, make sure you see divergent on MACD Volumes S2 By Gammaprod or Stoch Rsi Divs Zones S3 By Gammaprod on the bottom for buy or top sell.
2. Trendlines: static support/resistance (therefore I call them trendlines, cause these lines are the start of the trend when it breaks and the chart range boundaries. 2.1. Green area and dotted is support, usually the chart bounce on the area or dot (see the Stoch Rsi Divs Zones S3 for confirmation (when DK lines reach the bottom for buy) (vice versa).
2.2. The chart breaks the support/resistance usually when MACD Volumes S2 By Gammaprod (MACD signal lines break the middle lines, or divergent regular/hidden) + Stoch Rsi Divs Zones S3 for confirmation (when DK lines reach top or bottom).
2.3. Sometimes when trends come up, you cannot see trendlines, the trick is for a bigger picture you can open the bigger timeframe (recommend timeframe 4H) then draw rectangles to continue the trendlines, exceed the chart (colouring same as trendlines like purple, green and additional if trendlines collied then I used yellow with opacity 15%).
Gammaprod
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@Gammaprod, How to read gammaprod indicators (part 3)
2.4. The next step is to open a lower timeframe (I use 5M because I am scalping type) slide back to see the previous trendlines, and then draw a horizontal ray from the dot tip exceeding the chart (with colouring same as the explanation but with opacity 50% and thickness level 2).
2.5. Drawn rectangles on timeframe 4H for area support/resistance, remember It's the area so when the chart touched it does have to direct reversal, but you should look for divergent at MACD Volumes S2 By Gammaprod + Stoch Rsi Divs Zones S3, in this area, the divergent will be a more powerful indication for the chart to make a big reversal.
2.6. Drawn horizontal ray on timeframe 5M (I'm a scalper so I use TF 5M, you can use other timeframes you like but littler timeframe than the timeframe that you draw a rectangle), now when the big trend pops up you, know the area that the trend will be stopped.
3. Ichimoku cloud: another dynamic support/resistance. 3.1. Purple cloud means on-trend bearish, and chart below the cloud.
3.2. Green cloud means on-trend bearish, and chart above the cloud.
3.3. A bigger cloud means bigger support/resistance, making the chart harder to penetrate.
3.4. When the chart touches cloud (thick cloud better) usually the chart bounces back (better support/resistance than Bollinger when those two pop up, better take cloud as support/resistance).
3.5. When the chart is near the cloud or surpasses the cloud usually the chart bounce back before starting the trend.
3.6. When you see a cloud head make a thin form, usually that is the start of a trend, or the chart is starting to penetrate the cloud body.
3.7. A thin cloud body means support/resistance is weak you can ignore it as support/resistance, but you can assume as the beginning of trend form when head cloud making bigger form, then you can assume as valid support/resistance, and the chart is starting to be fed up.
4. There is another function in this indicator, but I cannot explain everything in this part 1, cause that function is for a more advanced setting.
# Conclusion 1: I. Bollinger lines (blue and white) are support/resistance when it touches or near the lines, chart approximation bounces back is high (better with Stoch Rsi Divs Zones S3 for confirmation).
II. Bollinger line (yellow) is better if you use it when the trend starts forming or is already formed (see MACD Volumes S2 By Gammaprod divergent and Stoch Rsi Divs Zones S3 divergent).
III. Trendlines are support/resistance when it touches near the area or dot or the lines/rectangles that you draw before, chart approximation bounce back is high (better with Stoch Rsi Divs Zones S3 for confirmation).
IV. Clouds are support/resistance too but depending on how thick the cloud is when it touches or near the cloud, chart approximation bounce back is high (better with Stoch Rsi Divs Zones S3 for confirmation).
Gammaprod
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@Gammaprod, How to read gammaprod indicators (part 4)
V. When two or more converge, it makes more powerful support/resistance.
VI. Strength weight: Cloud > Trendlines > Bollinger.
VII. When you see Bollinger make a narrow shape and sometimes slim, that means a big trend coming soon.
Before we enter the second indicator explanation, first you'll need to understand divergent and convergent, this is badly important, or your gonna miss the beginning trend opportunity or you'll have a wrong direction open position and have a floating nightmare.
# The Connection Divergent and Convergent: I. Divergent on MACD is two histogram peaks that have different directions as two chart peaks and better confirmation if MACD signal lines going to or surpass the histogram.
II. MACD Volumes S2 By Gammaprod divergent uses to appears when two histogram peaks have a high height or medium height, remember better confirmation if MACD signal lines going to or surpass the histogram.
III. Stoch Rsi Divs Zones S3 By Gammaprod uses to appear with divergent MACD Volumes S2 By Gammaprod or appear alone when histogram has a low height and MACD signal lines have a thin body and near-zero line or MACD Volumes S2 By Gammaprod have convergent.
IV. When histogram has a low height and MACD signal lines have a thin body and near-zero line mean it gonna be big movement ahead just wait a little bit longer and wait for divergent appears on MACD or Stoch RSI if it does not just open a position in the same direction Stoch RSI (about how to open position with Stoch direction will be explained on Stoch Rsi Divs Zones S3 By Gammaprod section), used to be followed by Bollinger make a narrow shape and sometimes slim.
V. Convergent is when MACD is two histogram peaks have the same direction as chart peak and with or without MACD signal lines going to or surpass the histogram, and Stoch Rsi Divs Zones S3 By Gammaprod the two DK line peaks have the same direction as two chart peaks.
# B. MACD Volumes S2 By Gammaprod 1. Histogram: the most important value for knowing divergent (starting trend) and for knowing movement trend strength (when the trend is slowing down and stopping).
1.1. Divergent (regular/hidden): when you are looking for bullish see 2 bottom peaks of the histogram below the zero line, when it is opposite to the chart it will become starting trend (vice versa).
1.1.1. MACD Signal lines better overcome the last peak histogram.
1.1.2. Label R/H (regular/hidden) this is a divergent popup for confirmation, but it's late 2-3 candles, the trick is open a lower timeframe then it's appearing faster.
Gammaprod
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@Gammaprod, How to read gammaprod indicators (part 5)
1.1.3. When a histogram has a very small body and MACD Signal lines near zero line, probably you won't see the divergent on MACD, but the good news is the label still pop up and the chart is going to start trend just wait a little bit more, but the bad news is hardly seen it in MACD, but you still can see the beginning, when Stoch Rsi Divs Zones S3 make divergent and the chart touch support/resistance on Trendlines Boll Ichi S1 By Gammaprod.
1.2. The histogram is the strong trend movement: when trending you might feel panic, you don't know when it will stop or whether the trend is still going or not? These are the trick.
1.2.1. In the middle of the trend, if you are looking when the trend stops or reversal starting kicks in, you can calculate a comparison histogram of third last to second last against second last to the final histogram, if reduce the strength trend movement is slowing down you better watch closely, or you can close position.
1.2.2. If the comparison histogram of third last to second last against second last to the final histogram is even or derepress is the better close position or open opposite position.
1.2.3. Be careful when an open opposite position waits for confirmation from Stoch Rsi Divs Zones S3.
1.2.4. When the histogram changes side from above zero line to below that mean change trend (vice versa) but it must be confirmed with divergent on MACD or Stoch Rsi if it's not just followed the MACD signal lines for an open position.
2. MACD signal lines are guidance for an open position: without any divergent signal aka convergent.
2.1. In convergent follow the body colours of the lines, if green priorities buy, pink priorities sell.
2.2. Thicker MACD signal lines mean strong movement, when the blue line collied with the white line, have probably going to bounce back.
2.3. When MACD signal lines get through the histogram that means have a high probability that the chart will go reversal.
2.4. If the MACD signal lines get near-zero lines to have a high probability to bounce back, but if MACD signal lines thicker have a high probability to bounce back after passing the zero-line, way thicker have a high probability of not likely going to bounce.
2.5. If you see divergent on MACD Volumes S2 By Gammaprod or Stoch Rsi Divs Zones S3 By Gammaprod you better open position consentient with divergent direction.
Before we enter indicator Stoch Rsi Divs Zones S3 By Gammaprod, I must explain about background features, setting, timeframe and how to read it, both background MACD Volumes S2 By Gammaprod and Stoch Rsi Divs Zones S3 By Gammaprod are similar but it completely different, but those features have related each other and need to be seen as one entity.
# Connection Background indicators: This part it's more effective on a bigger timeframe than 5M. if you are using timeframe 5M then you can hide this feature.
Gammaprod
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@Gammaprod, How to read gammaprod indicators (part 6)
I. Background MACD Volumes S2 By Gammaprod this is volume, green is buyer volume overcome, pink is seller volume overcome when it's darker than means getting stronger, but when it's lighter than means getting weaker.
II. Background Stoch Rsi Divs Zones S3 By Gammaprod this is a zone, green is buyer quantity exceeds, pink is seller quantity exceeds when it's darker which means getting more and more, but when it's lighter than means getting less and less.
III. How to read it as one entity
a. This feature is for confirmation that what the trend is right now but needs to be the same background colours both MACD Volumes S2 By Gammaprod and Stoch Rsi Divs Zones S3 By Gammaprod if green that means bullish (priorities buy) and vice versa.
b. When you see colours change quickly that means not on trend but sideways, which means this feature is specific for confirmation trend if on sideway you can ignore it.
c. When you see yellow or gold on Stoch Rsi Divs Zones S3 By Gammaprod that means market at low or very low participants, or market on "wait and see" moment, so this is the golden moment before the trend starts to kick in, just wait for a divergent and when you can identify it then you can open position.
# Conclusion 2: I. The key for triple indicators is divergent and convergent (MACD and Stoch RSI), without those you will be lost on market. So, take big attention to those, and make sure you can make calculations in your mind, if still need to draw lines for known divergent or convergent, then you better practise before entering the trading world, these indicators are specially labelled on MACD and Stoch RSI just for confirmation.
II. Divergent on MACD Volumes S2 By Gammaprod appears then usually divergent on Stoch Rsi Divs Zones S3 By Gammaprod appears too.
III. When bad sideway (MACD Signal has a thin body, near-zero lines, and histogram have very low height), and Bollinger has a very close distance between the blue line and white line, then divergent usually appears only on Stoch Rsi Divs Zones S3 By Gammaprod, this is usually starting the big trend.
IV. When convergent appears follow the DK lines on Stoch Rsi Divs Zones S3 By Gammaprod when green DK Lines then open with guidance MACD Signal (green better open buy but pink better wait which is safer).
V. When MACD Signal lines touch zero lines have a high probability chart will bounce back, better looking on support/resistance at Trendlines Boll Ichi S1 By Gammaprod (cloud > trendlines > Bollinger) see the DK lines Stoch Rsi Divs Zones S3.
Thank you for your efforts and sharing the indicators.
Briefly checked the new trendlines indicator, but very difficult to understand it.
below are my observations:
1) by default the lagging line (Red) is not visible. It has to be enabled in "Style" tab
2) In the description section 2. Trend/Consolidation -> for bearish trend, the candle must be below purple cloud right ?
3) the clouds and lagging line are distant from the current candles. Cloud is far ahead and Red line is far behind the current candle. we can read past data some level but difficult to judge with the given conditions to take a live trade. Do we need to adjust any other parameters for better visibility ? unfortunately can not attach image here.
4) I just checked for 15m timeframe and enabled Primary trend lines only. Dont know how useful during trading, but even with primary, the chart has so many lines and cluttered with these lines.
5) Is it possible to create a strategy to get alerts or to do backtest the conditions ?