FiFT Pro

---- INTRODUCTION ----
This indicator is to measure the strength of BULL and BEAR.
The formulars are based on Price Change and Volume for period of time.
On top of that, Overbought (OB) and Oversold (OS) signal is included which is based on stochastic calculation.
FiFT is come with BoD signal which indicating Potential Buy on Dip setup.
FiFT Pro is further enhance to detect BULL "is about to rally" on Uptrend chart. It is a potential "further buy" signal.

---- HOW TO READ ----
GREEN BAR = BULL is stronger than BEAR
RED BAR = BEAR is stronger than BULL
BLUE BAR = POTENTIAL BoD Signal
BoD (Buy on Dip)
BOD on GREEN (With Star) = Price is oversold, Fast Turtle Buy in BULLISH environment (Strong Buy)
BOD on RED = Price is oversold, Fast Turtle Buy in BEARISH environment (Risk Buy/Do not buy/Monitor)
OB (Overbought)= Fast Turtle Sell with OverBought condition.
OB on GREEN = Price is overbought, Fast Turtle Sell in BULLISH environment (Cautious/Do not sell/Monitor)
OB on RED = Price is overbought, Fast Turtle Sell in BEARISH environment (Strong Sell)

+ve Sign = Potential BULLISH activities (Can consider further Buy IF it's uptrend EMA20 > EMA50)
-ve Sign = Potential BEARISH activities (Can consider take profit/Sell)

Note : Best use with "EMA Indicators with BUY sell Signal" indicator

הערות שחרור:

Cleanup publication

הערות שחרור:

Upgrade to PineCode to version4.0

הערות שחרור:

Currently, FIFT alert is a combination of BoD/Bull Recharge and SaP/Bear Recharge.
This release is to give flexibility to traders choose ONLY BoD or SaP alert.

Hence, FiFT Pro will have 4 Alerts.

BULL -BoD/Bull Recharge
BEAR - SaP/Bear Recharge
BULL - BoD Only
BEAR - Sap Only

הערות שחרור:

Enable option to highlight Strong BULL or BEAR.

הערות שחרור:

add alert conditions under FiFT Bull/Bear Recharge. Additional conditions are:-
1) Bull Recharge: FiFT turned from RED to GREEN
2) Bear Recharge: FiFT turned from GREEN to RED

הערות שחרור:

Verson 110 :
Change + / - text to symbol (Bigger)
Digitalize FiFT. i.e seperate FiFT into 3 Bullish and Bearish categories :-
3 = Strong Bull
2 = Weak Bull
1 = Weak Bull with sign of Bearish Strength (Get ready to Short)
-1 = Weak Bear with sign of Bullish Strength (Get ready to Long)
-2 = Weak Bear
3 = Strong Bear