astroandrea20

Saracino Bitcoin Relative Momentum Index

This is a technical indicator developed by Andrea Saracino. It gives buy and sell signals and works best on the daily charts .

This indicator is better suited for Bitcoin . In fact, throughout the history, it gave very consistent buy and sell signals on this asset. Could also be used in other cryptocurrencies.

It consists of two components: the histogram and the dots.

HISTOGRAM

The histogram shows the actual momentum of a given price trend and can be used to check if the trend is strong or if it's getting weaker overtime. When the momentum is to the upside it is green, while it is red if the momentum is to the downside.

DOTS

This is the actual signal part. It consists of a series of dots that become blue if there is a clear signal in either way.
For example: if the momentum is going up and the dots become blue it is a buy signal, or a sell signal if momentum goes down.



DISCLAIMER
This is NOT the Saint Grail indicator. You must not open any trade using just this indicator. Create a strategy instead.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?

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