In crypto, significant price moves can be a sign of continuation or reversal. This script measures if price move is greater than a certain number of standard deviations vs. previous periods, then alters bar colours and/or prints an emoji signal.
This simple script colors candles based on the Relative Strength Index. RSI Values > 50 are solid colors, RSI values < 50 are pastels, with additional colors/fills/alerts for overheated and oversold (both user adjustable thresholds) conditions. As an added bonus, RSI can be calculated by non-traditional methods (not using the running/smoothed moving average)...
First time so idk what I'm doing lel I use vervoot volatility bands, relative strength index, and volume to determine the color of the bar - that's it I have candle colors inverted - you can change the regular and indicator bar colors in the settings Meant to help identify risk on and risk off areas
Update for Crayons 0.2 Crayons is early onset hyper customizable trend reversal trading suite There is some big changes for Signal and Pivot generation and its set as Default mode so in case of nostalgia for white noise there is an option to "rollback" placed at the top of input menu As always- hyper customizable Every singal core crayon signal group will be...