Cyatophilum BITCOIN Daily Indicator

Free indicator
To get it, add it to your favorites using the button below, then you will find it on your chart in the "favorites scripts" tab

I wanted to have a tool that would quickly show me an overview of the Bitcoin chart each day, and receive alerts when something was happening, so I made this indicator.

Optimized for Bitcoin / USD on the daily timeframe, this indicator uses many technical tools such as a double Donchian channel, momentum, volume, RSI, divergences and moving averages.

HOW TO USE

Signals - You can create Automated Alerts corresponding to the graphic labels on chart.

BUY: Most bullish signal. Go long or buy bitcoin if you haven't already.
⚠️ REVERSAL: The bear trend might be over soon. Prepare some stable coins on your exchange to make sure you are ready to trade.
⚠️ RISE: Very bullish signal meaning a lot of people are buying. At this point you should just follow the sheep herd and buy.
⚠️ DROP: A drop is very likely to happen. Take your profits even though the rally can continue. Most of the time the price will drop significantly.
SELL: Most bearish signal. Go short or sell bitcoin.

Note: Use 'Once per bar close' option when creating alerts to get the exact same signals as on the chart, but only at candle close. Otherwise use 'Oncer per bar' to get them as soon as possible but the graphic-signal can disappear (unvalidated) at candle close.

Parameters

"Show 3 EMAs": Show a 50, 100 and 200 EMA. Usefull for golden/death cross.
"Channel_Length" Length in bars for the double Donchian Channel. Default is 30.

Any feedback is welcome!

To get access to my private strategies, use the link below