Explosive Potential

This script looks at times where MACD is within a specified range (very close to 0 values) and price action is very constrained (under 2%). Historically price has made a strong move after these conditions.

I typically run this on an 8H timeframe.

Review on BTCUSD and other cryptos.
릴리즈 노트: Increased the 'Price bar back' range (for lower timeframes).
Made price threshold input a %
릴리즈 노트: Updated script example snapshot
릴리즈 노트: Added alert condition + video tutorial for tuning:
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기


this is a great idea! I was looking for similar indications on my charts. Right now script is not working for lower time-frames. Could you please make the script keeping 5 min - 15 min time frame in mind?
Thanks in advance
sydneyshan msir2762
@msir2762, Check out the video on how to 'tune' the indicator for the asset / timeframe you're intending on trading here:
At some point in time I may refine this to automatically detect what the asset's low volatility range is using ATR or some such.
msir2762 sydneyshan
@sydneyshan, yes sir. It would be great if you can automate it. Currently, for each stock I need to manually tune the parameters which is difficult to do. But Thanks for the reply
HI thanks a lot , I loaded the script but dont see anything different can I use this to check past explosive value s?
sydneyshan mycotoxin
@mycotoxin, yes - try the 8H timeframe on ETHBTC on Bitfinex of BTCUSD 8H through 2014-2017
mycotoxin sydneyshan
@sydneyshan, Cheers testing now
mycotoxin mycotoxin
@mycotoxin, Cheers works well with ETH
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프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃