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spreadeagle71 stuff to check...Some scripts and surely more to find by:
www.tradingview.com
I Modified the Crypto Strength Index script to more current top volume or high value old top volume coins
And very interesting fib method :
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames.
How to Align Fibonacci Levels:
A very good and objective way to draw your Fibonacci levels is to use Gann Boxes, Transient Zones and the Temporal Extreme Spitter. All of these indicators are in the Public Library.
First start with the Temporal Extreme Splitter (TES) by Richard Santos. The extreme splitter will give you exact high and low places to place your gann boxes.
The Gann Boxes provide fibonacci in two dimensions- price and time. You can align the box ends with the TES. However, I have found one of the best ways is to align the Gann boxes is to set the 50% level on a long/strong TES line.
Next when you align the extremes up with either the center or one or both of the ends of TES lines; then you are ready to start aligning the Fib levels for time.
There is no exact science for doing this but a good way to do it is to try to match the highs and lows using Transient Zones. Transient Zones themselves give highs and lows and are also great places to align the boxes.
However, since TZ's can occur more often than the TES lines (if you use default settings), its good to align them with the Fibonacci time levels of the Gann box .
When watching your entry and exit points, it is also useful to include the concept of Divergence into them for even higher probability trades.
One of the best ways to see divergence is to use a stochastics oscillator. The 14,3,1 default setting is fine. There are also some other ones in the Public Library. I am really into fibonacci, so I will sometimes use a stochastic 55 or 21.
To see divergence, look at the highs and lows on the price chart and compare them to the highs and lows of the stochastic oscillator. If you do this correctly, you can sometimes see where the market is slowing down and turning.
The key word here is slowing down.
Divergence can be used as a confirmatory signal or a way to get out of a trade when it starts to go the other direction.
Good Luck in Your Trading
- Spread Eagle 71
