I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo golden Diamond signal indicate good buying position to trade.
Here's the ideas 1. Soaring volume happen with big white candle. a. Soaring volume can be measured for highest volume in certain period of time (default value is for 1 year). (blue area) b. Soaring volume can also be measured by 10% of certain period of time(default value is for 1 year)'s cumulative volume . (green area) => you can adjust this ratio input. the higher value is the more likely to trail of whale 2. Drops under 5 days lowest price without volume . (red area) => I put half of average volume as default but you may can adjust it (the lower value is the more likely to soar again) 3. cross over 5 days highest price after 1, 2 conditions => Golden Diamond
underneath of this idea is, big chunk of the money comes and correction is on going but major whale's amount hold tight. you can modify input values based on your investigation. It works well on day chart as well as minute chart. for the area with breaks plots are to checking the 1,2 conditions. so for final indicator will only be shown from this indicator but you can select plots if you think that is useful.
hope this will help your trading on equity as well as crypto. I didn't try it on futures . Best of luck all of you. Gazua~!
Nice one mate.Can you please write a script in bearish side as well.Thank you.
jackinx
⋅
Wow, I got this is very useful, I checked more than 50 charts and it seems it will become a great weapon for me~! Thanks a lot~!!
MRTIFAQ
⋅
@jackinx, did you try this. And can u tell us the results. Thank u in advance
jackinx
⋅
@MRTIFAQ, Yes I did though it is in Korean Kosdaq and Kospi stocks. So I didn't try for Nasdaq or other markets. You can search 290380 in Korea stock. I traded from the 3rd of Nov to the 9th.
jackinx
⋅
@MRTIFAQ , but of course, didn't just buy only because of this signal. I planned to cut it off if it goes down below 6,425 KRW and luckily it soared up. :)
Idbfunny
⋅
not an experienced coder just playing around trying to reverse engineer for opposite direction.. thnkyou for your contribution