BTC MTF Directional average (1h/2h res) — Strategy by kyriediculous

1h or 2h resolution
Any market without multiple weekly binary data events and enough liquidity (eg. Bitcoin)

**For bitcoin use preferably on bitfinex or an index of all exchanges and exchange volume. Most of the price manipulation occurs at bitfinex, other exchanges will often be slightly behind.

V 0.0.1
** KNOWN ISSUES
Around the time of the new daily candle (2AM GMT+1 on BTC) false signals may occur due to 24 hours being the highest resolution.
Repainting: due to the nature of tradingview's pinescript these false signals will disappear after 2-3 new candles and refreshing the page.

** UPDATES
Added browser alerts (untested)

Tip: Don't always wait for the bot to flip to risk off when volatility kicks in (eg. during wash trades).

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact kyriediculous for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.