OPEN-SOURCE SCRIPT
[MAD] CMF 5x MTF BTC
this is a revised classic CMF indicator, with some additional features
Features:
4 different Exchanges:Tickers (clouds).
your current exchanges:ticker (white)
an averaged cmf over all 5 tickers (black)
a selectable time frame for all tickers
3 buy and 3 sell lines (visual H-lines only)
autocentering over ghosts
color scheme is for a dark theme, change in settings if needed.
how to use:
act the crossins
when one or two cmfs move steeply into an h-line, when moving back to the middle they have their signal and do their own risk management.
sometimes really crazy things happen in small time frames (whalegames) that you can use as a tradestop and sit it out.
generally try to go with a bigger trend that give less but better results
Features:
4 different Exchanges:Tickers (clouds).
your current exchanges:ticker (white)
an averaged cmf over all 5 tickers (black)
a selectable time frame for all tickers
3 buy and 3 sell lines (visual H-lines only)
autocentering over ghosts
color scheme is for a dark theme, change in settings if needed.
how to use:
act the crossins
when one or two cmfs move steeply into an h-line, when moving back to the middle they have their signal and do their own risk management.
sometimes really crazy things happen in small time frames (whalegames) that you can use as a tradestop and sit it out.
generally try to go with a bigger trend that give less but better results
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.