Dots

12 ก.ย. 2020

Hey folks,

This indicator has three identical but lookback specific indicators, small dot, medium dot, large dot, with specific colors, as well as another low and high dot placement with a different metric. I needed a way to gauge how large of a position size to put on each pivot point , this makes it self explanatory. Regardless of time frame, largest entries should be on candles with dots stacked up, large, and most extreme. Reddish pink for shorts, greenish for longs. I'm still backtesting this and will more than likely post updates as I go. This was designed for low time frames, 15 minutes and under, but can certainly still work on higher time frames. Blue and red dots are essentially calling longer time frames and apply a filter, so should be respectful for higher time frames. Small dots are warnings, larger dots should be respected more so. Be aware of strong trends when the dots will appear as counter to successful trend.

The yellow, pink, and shades of green dots are RSI based, focusing on overbought and oversold conditions. The blue and red dots are also RSI based, but have a filter applied to reduce signal noise and lower time frame triggers.

12 ก.ย. 2020

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RSI Source names changed for clarity and dots labeled in input.

Alert conditions hidden for now for further testing.

Super low and high dot period changed to 45 minutes each. This seems to give best results on those specific signals.

7 ต.ค. 2020

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Alerts added and resolved an accidental link between high dot and low dot resolutions. Tweak to default inputs.

2 พ.ย. 2020

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Fixed typo for first OB and OS dots and switched High dot level back to 'D'

17 ธ.ค. 2020

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Added an alert for stack of all three levels simultaneously on a candle, for both directions.

19 ธ.ค. 2020

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Slight color change, and reorganized some of the script.

23 พ.ค. 2021

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Image update

1 มิ.ย. 2022

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Removed "high" and "low" filtered dots, for simplicity.