The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v4 · On the chart
My TDI B/S BTC 4H
This indicator implements a Traders Dynamic Index (TDI) calculation tailored for Bitcoin on four-hour charts, plotting signals directly on the price chart.
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code30
Settings3inputs
LicenceNone stated
Last update5 years ago13 Jul 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
My TDI B/S BTC 4H calculates a Relative Strength Index (RSI), moving averages, and volatility bands around the RSI line. Buy and sell shapes appear when RSI reaches defined boundary thresholds while breaking outside the volatility bands and aligning with candle direction. Inputs allow users to adjust the RSI length and the overbought and oversold trigger thresholds.
- Traders Dynamic Index calculations on RSI
- Volatility bands based on standard deviation of RSI
- Configurable RSI period and trigger thresholds
- Visual buy and sell chart markers
Details
Published by
davro on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Volatility & bands
Markets
Crypto
Timeframes
H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BTC 4H RSI Period | int | 24 | rsiPeriod |
| BTC 4H Buy Low trigger | int | 38 | buyLow |
| BTC 4H Buy Low trigger | int | 62 | sellHigh |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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