theheirophant

🥢 Crypto-Sticks: Rate of Change v1.0 by Cryptorthyhms

🥢Crypto-Sticks™ Rate of Change
A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites!

🚀Indicator Specific Info

⛔Please remember that you will have to adjust the ROC overbought and oversold levels to suit the volatility of the instrument you are working with. In the future I will implement a feature that does this automatically, but for now its manual.

The OB/OS zones are given in two levels, because often you can find a line of best fit that will hit "small movements" and one that will hit "big movements." In this case I chose 2 and -2 for the small zones. For the bigger zones i chose 5 and -5.

Heiken Ashi candles adds some more clear trend changing points which can be executed at the second candle going in either direction. Other coins/charts will require their own strategy - you could potentially have to tweak that parameter. In this example you would enter on 2nd green, exit on 2nd red.

Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully.
Since WTI doesnt have volume , this feature is irrelevant for this chart.

💭Please leave me any ideas or feedback you have!

🚫If you use volume weighting you should be on heiken candles.

🚀Crypto-Sticks General Info

🚧This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).

📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. Here's how it looks as Heiken Ashi:
🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise.

👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.

💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
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Cryptorhythms Group Chat - https://t.me/cryptorhythms
Looks good mate.
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theheirophant Wolf_Of_Amsterdam
@Wolf_Of_Amsterdam, thanks for the kind words mate, I hope you find it useful!

Can come visit in my chat if you like. I regularly post info about markets, news, signals, price action strategies, etc. Its on telegram link is in my sig/profile!
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Could you give me an access to your free scripts?
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@bundyboss, hey bundy, all free scripts are now available in public library. I no longer have to add anyone to them, enjoy buddy! (come to the new telegram channel too - its in my sig/profile)
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