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impulse101

A cryptocurrency Buy and Sell signal indicator: https://www.tradingview.com/script/4KGwTg9e-VCC-Impulse-101/


BUY SIGNAL (green background) is triggered if Buy Score (black line) reaches (4) Points.

1 Point is added to Buy Score if:

  • The Closing Price is above all Moving Averages (7, 21, 50, 100, and 200), and
  • If the 200MA is above the other Moving Averages (7, 21, 50, 100).

1 Point is added to Buy Score if:

  • MACD is greater than MACD Signal, and
  • MACD is greater than zero, and
  • MACD Signal is greater than zero, and
  • MACD is greater than previous value.

1 Point is added to Buy Score if:

  • SMI is greater than zero, and
  • SMI is greater than previous value.

1 Point is added to Buy Score if:

  • RSI is greater than 50.

The SELL SIGNAL (red background) is triggered if EITHER Ethereum Sell Score (purple line) OR Bitcoin Sell Score (red line), reaches (-3) Points.

2 Points is deducted from the Ethereum Sell Score if:

  • The number of Ethereum Short positions is greater than the Longs.

1 Point is deducted from the Ethereum Sell Score if:

  • The Ethereum RSI is greater than 75.

2 Points is deducted from the Bitcoin Sell Score if:

  • The number of Bitcoin Short positions is greater than the Longs.

1 Point is deducted from the Bitcoin Sell Score if:

  • The Bitcoin RSI is greater than 75.

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