Joy_Bangla

Indicator for Crypto, Forex, Shares, Futures, Options

If you make a loss, I am not responsible for it. Please use this with caution.


  • When I see a sell signal, I may short. When I see a buy signal, I may long. The signal is most relevant for the exact time it comes on the chart.
  • The signal can show up and disappear on a running bar. To mitigate this issue, one should only use this on bar close. However, on bar close, the price may have moved significantly, and the signal may not be relevant anymore. So, it needs to be used with caution.
  • It can be used on High Time Frame only. I use it for 4 hours and 1-day timeframe. My primary motivation for building this was two -
  • 1) To ensure I am not addicted and not looking at the chart 24/7
  • 2) To ensure I do not spend a lot of time & resources on multiple indicators
  • I use it mostly on Bitcoin (BTC/USD, xbt/USD) charts.
  • You may use this on any trending instruments (forex, options, alt-coins, shit-coins, etc.). Even though I have not tested a lot myself, I have been told it does work fantastic on others too
    I
  • have set up auto - signals to be sent, using this indicator, to the free Telegram Channel I run. Please check my twitter link to find the link of the telegram channel. Please subscribe and like.
  • Reddish bar - TD Sequential overbought signals
  • Greenish bar - TD Sequential oversold signals
  • In a normal market, it is expected the price to try to reach the middle point or the Kijun or the median.
  • You can find heaps of configurations and settings from the indicator settings panel.
  • If you turn on the "COG & ATR Starc+/-" from the indicator settings, you will see several lines drawn on the chart. When price closes above-median STDEV, I look for StarC+ and then for BB+. When price closes below-median STDEV, I look for StarC- and then for BB-.
  • If you turn on the "COG FIB" from the indicator settings, you will find several lines on the chart. If price closes above the middle point, then I look for R1 and then R2. At times, the price goes and hits R5 (but it is very rare). If the price closes below the middle point, then I look for S1 and then S2. At times, the price goes and hits S5 (but it is very rare).
  • The lines for S1, S2, S3, S4, S5, R1, R2, R3, R4, R5 and middle point, median,BB+, BB-, STD Dev are dynamic.
  • I look out for Tenkan bounces as well.
  • The black cross marks are the squeeze. Once it appears, it can continue for a while. Once the squeeze is released, the price can move violently in either direction. Hence, these squeeze act as a caution.
  • You can set alerts for several indicators - Ichimoku Strong Bullish / Bearish Signals, Leledec Exhaustion, Rahul Mohindar Oscillator, Kaufman AMA, Trend Magic, Volume Flow indicator. You can set alert for overall buy and sell signals.

Do realize that the indicator is not 100% accurate and please use this with caution. Please read the disclaimer below before using this indicator or the services (Telegram/ Twitter , Trading View etc.) services associated with this indicator:

Disclaimer:
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained here are provided as general information for educational and entertainment purposes only and do not constitute investment advice. My bullshit statements should not be relied upon as a substitute for an extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis or any analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. I have no clue about PAST PERFORMANCE or any INDICATIVE FUTURE RESULTS.
THE script and its associated services ARE PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE, WEBSITE, SCRIPT, SIGNALS.
Oct 23
リリースノート: Bug Fix: Ensured Leledec is used in calculating buy and sell
Nov 09
リリースノート: Fixed a bug: For whatever reasons, pSAR flip to bull was not in the bull logic. Fixed it now.
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Any information contained here is provided as general information for educational & entertainment purposes only and do not constitute investment advice. Tip me at btc: 3BMEXPhCHD1QgBGiDmLAWnoyfrr1jwKnQo
Have you backtested this? You would need to upgrade it to v4 pinescript, but suggest it is worth while (with fees + slippage).

It looks like there are a few major trades this strategy gets wrong, eg. November/December 2017 "short" (BLX daily timeframe) at $8K to BTC peak at $20K = 150% loss.

I.e. a liquidation event

It does look like this strategy has some great trades. So with some refinement, you might be able to get something profitable in the long-term. It may require removing a few of the indicators.
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Joy_Bangla capriole_charles
@capriole_charles, I forward tested it. Recent results: 0.3 btc deposit. Aug: 3000$+ profit, 6000$+ profit on sept, 3000$+ profit on oct
Taking break from trading this last few days.

My twitter account tells my trade live. Have a look.

The one you mentioned was the leldec. There is no way to make this 100% profitable.

My own backtesting shows 5x return in btc amount in 3years plus whatever btc has appreciated in value. It is profitable to me so far.

I don’t have the capacity to upgrade this to v4 nor I want to upgrade right now. With Proper Money Management, I am on with it. The main part in trading is proper money management.

Feel free to follow me on twitter yo see how I use this on live trade.
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Joy_Bangla capriole_charles
@capriole_charles, Please use proper money management. Under the hood, you will find lots of settings including settings for Leledec. If you wish to configure that, feel free.

ALso, you will find custom fib . That can act as dynamic sl as stated on the description here.
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Thank you - how do I find your tg group
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Joy_Bangla incryptible
@incryptible, please dm me :)
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Is there any diff between this and version 6.0.0 ? becuase the code looks the same unless I am missing something?
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@speckles, Yes and No. I have exposed as many variables as I can find for anyone to tweak if desired. To see those, one will need to open it from settings. I may have pushed the same changes to version 6.0.0 :)
The main idea is to use this indicator and enhance it for further changes in the future that I have in mind. I highly recommend to switch from version 6.0.0 to this indicator. Overall, it may not look much changes. However, going forward, I will be updating this one as the code is a bit cleaner with documentation as well a bit cleaner. Cheers. Did my indicator help you in any way?
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Great job as always! How do you set that nice channel? Are you using another indi for that? Cant make it look like that by default, thanks!
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@sfigus, Good point. Actually it is a separate indicator. I will try to integrate with this indicator by coming Monday (7 days from today) or publish as separate indicator. Thanks sfigus.
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sfigus Joy_Bangla
@Joy_Bangla, Sounds great, thanks a lot!
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