Rate of change indicator based on Nick Radge's Weekend Trend Trader Strategy, with an added extra of EMA smoothing if you want it.
This indicator simply turns green when the rate of change is above a certain level (value is set in threshold)
Threshold is defaulted to 30 as outlined in the strategy rules
This strategy allows you to back test longing or shorting or do nothing during time increments of 30 minutes for various days of the week. For example if you want to see if every Saturday if Bitcoin dropped in value from 1600-7000 UTC, this script will allow you to test that.
Make sure you are in the 30 minute time frame while viewing the performance and trade history.
This little script simply gives you a quick visual cue of where price is compared to a particular EMA of another security or underlying index.
It is based on Nick Radge's broader market filter weekend trend trader system, but can be applied to other timeframes if you want to confirm if the index is in an up trend or down trend.
• Green means the underlying...
This strategy was made for bitcoin and allows you to back test longing or shorting for various days of the week. The price may tend to go in one direction or another for each week day, and this strategy allows you to test days across a range of dates to capitalize on this.
Make sure you are on the daily time frame while viewing the performance and trade history...
This indicator displays the weekly Friday closing price according to the CME trading hours (Friday 4pm CT).
A horizontal line is displayed until the CME opens again on Sunday 5pm CT.
This indicator is based on the thesis, that during the weekend the Bitcoin price tends to mean reverse to the CME closing price of the prior Friday. The level can also act as...
A number of times I've heard people say that the market drops on the weekends.
Being that cryptocurrencies are a 24/7 market I thought it would be interesting to see what candle movements happen on the weekends.
This is a very simple script that highlights the candles that are on Saturday and Sunday.
Included in this indicator:
- 2x HMA's w/ Zones of Fast HMA
- BTCUSD RSI + Comparison
- Highlight Saturdays & Sundays
You can change all the inputs, they are labelled for ease-of-use.
You can toggle On/Off any or all of the options.
I was inspired to create this indicator, which is an exact copy of my very...