TheTradingParrot

TTP 3-checkmarks CCU market bottom

TheTradingParrot アップデート済   
This indicator is an implementation of the method published by Steve from Crypto Crew University.

I didn't design this strategy, I'm only implementing it to allow people to be able to backtest it or set trading view alerts based on the original criteria.
This indicator can be backtested with Gavin's backtester, TTPTSL and any other indicator that can take a 1 as an external signal to buy.

How to use:
- add to BTCUSD
- set the timeframe to 2D

Indicator parameters
- RSI 14
- stochastic RSI 3 3 14 14
- MA 200
- all in 2 day timeframe and using the close as source

Strategy:
- price needs to be below 200 MA
- RSI < 26
- stochastic rsi both lines below 20
- price should not be crossing the MA ( I added this to remove one signal that Steve also manually removed in the video)

I recommend watching his video to understand how it's supposed to work in more detail.
youtu.be/ggXEPVVCp-w?t=922

It's interesting to see that there are a few more signals that are fairly good but are being marked as invalid in the video even though they seem to fulfil the 3 checkmarks too. I left a question in the video to learn why and if it's intended. I'll keep you posted.


リリースノート:
removed other indicators from chart
リリースノート:
chart update
リリースノート:
As requested, adding sell signals which consist in the opposite strategy: sell when RSI > 74, Stoch >80 and price above 200 MA in the 2D timeframe again.

Join our membership to gain access to the private scripts.
www.thetradingparrot.com
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