MarketVision B

2021년 4월 13일

With Special Thanks to Everyone who has gone before me, and who have both allowed me given me permission to bring my version of Market Cipher to the World
Especially LazyBear for his amazing Wave Trend Oscillator and for Aevir, falconCoin, vumanchu, Crypto_Spike and others who have freely brought MarketCipher to the Tradingview Community
Also special mention to RicardoSantos for his Divergence script

MarketVision B - My take on MarketCipher B / Market Cipher B, Ive just put outlines on the Wave Trend to add to the Visual Appeal and Added a Trend Meter and a few more options for the Oscillators
Nice To Look At
Oscillator 1 Choose Between - RSI, MFI and Ultimate Oscillator
For Stochastics Choose Between Standard and RSI Stochastics and for the source you can choose On Balance Volume
Wave Trend
Money Flow
Trend Meter & Signals Bar
Divergences are marked, However they are easy to spot and it is better to train your eyes to spot them before the indicator marks them out
Lots of Alerts and Loads of ways to trade using MarketVision

PS: You can make this look like the original by adjusting the parameters in the menu

2021년 5월 1일

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Major Changes
Changed Defaults for cleaner look and turned on Money Flow Outline as most YouTube Tutorials utilise this for their strategies
Changed Stochastic Color to blue to be easier on the eyes
Added Long Term K Double Stochastic option
Modified Alerts

2021년 5월 8일

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Added option for another Double Stochastic value
Added Alert for RSI Signal Line Color Change
Changed Money Flow

2021년 5월 21일

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Added more options for Money Flow

In my testing I have found that the absolute best Money Flow is indicated by the RSI being above or below 50 (Please note that for MFI and RSI the 50 line gets shifted down to the Zero line for the Money Flow indicator).
I have turned the Money Flow on by default for this version though if you have the RSI turned on for Oscillator 1 you will be able to turn the Money Flow off and just look if the RSI (Oscillator 1) is above or below the 50 line

2021년 5월 22일

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As per request Changed Money Flow settings to SMA 60 to match Money Flow on similar indicators

2021년 7월 4일

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Major Update

Added Williams %R option for oscillator 1
Fixed money flow
Adjusted settings and defaults

2021년 7월 10일

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Optimised Trend Meters and Trend Meter Setups

2021년 7월 10일

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Adjusted Defaults

2022년 5월 24일

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Converted to Pine Version 4 - Unfortunately V4 allows less outputs so I have had to remove Divergences from Oscillator 1 and Most Alerts - Alerts can still be found in MarketVision A
Updated settings Menu to make it more user friendly (Thanks to Pine V4)
Changed the Overall Look of the Indicator
Made Wave Trend Divergences Adjustable
Added More Options for Money Flow - Please Try the New 'Dynamic Money Flow' it is Volume Based and works very well for confirming Money Flow

2022년 5월 24일

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Adjusted brightness of of Wave Trend Blue Wave

2022년 5월 26일

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Adjusted Trend Meter Brightness - Version 4 Conversion changed some of the colors

2022년 5월 26일

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Pine Version 4 Introduced Limits To The Number of Outputs That Can Be Displayed
For This Reason I have Added The Ability to Apply The Short Term Divergences Intended For Stochastics onto the Wave Trend Instead
This Results in The Wave Trend Displaying Both A Short Term Divergence and a Longer Term Adjustable Divergence

2022년 6월 27일

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Added 'Double RSI's' Derived From The Original MarketCipher B

'Double RSI's' are infact Not RSI's at all but actually Pseudo RSI's
They consist of a Fast and a Slow Standard Stochastic K
Fast K = 40 and Slow K = 81"

When selecting 'Double RSI's' for Oscillator 1 you may want to untick the Stochastics to make the 'Double RSI's' easier to see and to unclutter the indicator

2022년 7월 5일

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Adjusted transparency of Back Ground Level Lines to make it easier on the eyes
Stochastic Default changed to RSI Stochastic which has a longer length by default - This helps you spot divergences easier and means that the chart is less clogged up

2022년 7월 10일

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Adjusted Stochastic setting to 13
Enhanced code

2022년 7월 20일

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Changed Wave Trend Wave 1 Fill Characteristics to be nicer on the eyes in dark mode

2022년 7월 20일

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Enhanced the look of the Money Flow Trend Meter

2022년 7월 20일

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Added Signal for when Trend Meter Signal Lines up with Wave Trend Cross

2022년 12월 28일

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Added Indication for Positive or Negative Pressure

2022년 12월 29일

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Changed Color of Pos/Neg Pressure Dots

2023년 3월 19일

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Updated chart

2023년 11월 28일

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Updated settings

2023년 11월 28일

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Changed the size of the dots within the Wave Trend