PROTECTED SOURCE SCRIPT
[SignalFI] PhilakOne Extreme
Updated
Welcome,
This script is provided for free as a support system for the trading strategy developed by Philakone (PhilakoneCrypto).
Phil has been providing immense support to the trading community through consistent education, and thats why we decided to adapt and automate his system so that everyone can follow.
Key Features
1. Moving Averages
By default fibonacci based EMA moving averages are included with the script set at:
- MA 1 = 8
- MA 2 = 13
- MA 3 = 21
- MA4 = 55
We also added green and red fill colors to show the current status of each MA with respect to the other MA's.
By default Phil uses EMA, however, we included several other MA types to enhance and expand on this concept. Included are the following MA types:
Option Types Labels:
"SWMA", "EMA", "WMA", "SMA", "HMA", "KAMA", "SMMA", "VIDYA", "VWMA", "ALMA", "FRAMA", "DEMA", "FDAMA", "LSMA", "COVWMA"
2. RSI
Phil relies on simple RSI to determine the relative strength of a trend. To display this easily we added bar coloring that matches overbought and oversold situations.
Red Bars = RSI > 70
Green Bars = RSI < 30
3. MACD
Phil also uses MACD to determine the trend. To display this easily we added signals above and below bars to show crossovers between the MACD and the MACD Signal line.
Small Green Triangle UP = MACD bull cross
Small Red Triangle DOWN = MACD bear cross
4. Alerts
We know that everyone can't watch charts all day, so we configured this script with full alerting for each of the components above.
1. Moving Average Bull Cross
2. Moving Average Bear Cross
3. RSI Overbought Cross
4. RSI Oversold Cross
5. MACD Bull Cross
6. MACD Bear Cross
Thanks to Phil for the inspiration and continued community education.
We hope you enjoy!
General Information
SignalFI was created to help traders and investors to effectively analyze the market based on the Golden Mean Ratio (Fibonacci numbers), plan a trade and ultimately execute it. To help inform and educate market decisions we developed a set of Trading Indicators which are available on TradingView , the most advanced and yet easy to use charting platform available on the web.
SignalFI indicators are just that, indicators. Our indicators are generally configured to use completely historical data (negating repaint), and we advise all alerts created with SignalFI indicators to be fired upon "close" of the current candle. Our indicators can provide valuable context and visualization support when performing market analysis and executing buy and sell decisions. However. we are not financial experts, and all information presented on this site or our other media outlets are for educational purposes only.
For subscription information, visit signalfi.net and follow us on twitter.
This script is provided for free as a support system for the trading strategy developed by Philakone (PhilakoneCrypto).
Phil has been providing immense support to the trading community through consistent education, and thats why we decided to adapt and automate his system so that everyone can follow.
Key Features
1. Moving Averages
By default fibonacci based EMA moving averages are included with the script set at:
- MA 1 = 8
- MA 2 = 13
- MA 3 = 21
- MA4 = 55
We also added green and red fill colors to show the current status of each MA with respect to the other MA's.
By default Phil uses EMA, however, we included several other MA types to enhance and expand on this concept. Included are the following MA types:
- Kaufman Adaptive Moving Average(KAMA)
Hull Moving Average
Smoothed Moving Average
Variable Index Dynamic Average
Fractal Adaptive Moving Average
Fractal Dimension Adaptive Moving Average
Double Exponential Moving Average
Least Squares Moving Average
Coefficient of Variation Weighted Moving Average
Simple Weighted Moving Average
Exponential Moving Average
Weighted Moving Average
Arnaud Legoux Moving Average
Option Types Labels:
"SWMA", "EMA", "WMA", "SMA", "HMA", "KAMA", "SMMA", "VIDYA", "VWMA", "ALMA", "FRAMA", "DEMA", "FDAMA", "LSMA", "COVWMA"
2. RSI
Phil relies on simple RSI to determine the relative strength of a trend. To display this easily we added bar coloring that matches overbought and oversold situations.
Red Bars = RSI > 70
Green Bars = RSI < 30
3. MACD
Phil also uses MACD to determine the trend. To display this easily we added signals above and below bars to show crossovers between the MACD and the MACD Signal line.
Small Green Triangle UP = MACD bull cross
Small Red Triangle DOWN = MACD bear cross
4. Alerts
We know that everyone can't watch charts all day, so we configured this script with full alerting for each of the components above.
1. Moving Average Bull Cross
2. Moving Average Bear Cross
3. RSI Overbought Cross
4. RSI Oversold Cross
5. MACD Bull Cross
6. MACD Bear Cross
Thanks to Phil for the inspiration and continued community education.
We hope you enjoy!
General Information
SignalFI was created to help traders and investors to effectively analyze the market based on the Golden Mean Ratio (Fibonacci numbers), plan a trade and ultimately execute it. To help inform and educate market decisions we developed a set of Trading Indicators which are available on TradingView , the most advanced and yet easy to use charting platform available on the web.
SignalFI indicators are just that, indicators. Our indicators are generally configured to use completely historical data (negating repaint), and we advise all alerts created with SignalFI indicators to be fired upon "close" of the current candle. Our indicators can provide valuable context and visualization support when performing market analysis and executing buy and sell decisions. However. we are not financial experts, and all information presented on this site or our other media outlets are for educational purposes only.
For subscription information, visit signalfi.net and follow us on twitter.
Release Notes
UPDATE: Based on quick feedback:
1) We realize people like their bar colors, so instead of all white, the script now only changes bars that are RSI > 70 and RSI < 30, the colors are Orange for overbought (RSI > 70) and Aqua for oversold (RSI < 30).
2) We changed the default MACD values to align with MACD default to 12,26,9.
Cheers!
Release Notes
UPDATE:Phil has added a 200 EMA to his trading terminal and thus so have we. As before, you can also select from a range of different types of Moving Averages beyond EMA to enhance your trading strategy.
We also wanted to mention that this script ships with the ability to change the source and candle type of the moving averages. While this is an advanced feature, it can be used to expand on the trading system by leverages multiple types of sources (including RENKO, HK, and Point and Figure candle stick types).
This isn't normally apparent, but we also configured the script with no repainting and MA future leak protection ("Zero Repaint") to give the most accurate signals possible in TradingView. All MA signals are thus AutoView compliant, and reliable.
Enjoy!
SignalFi is creating cutting edge TradingView scripts to help identify rogue market Alpha. Check out signalfi.net for subscription information and @signalfi_ on Twitter for updates.
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.