The relative strength index (RSI) is a technical analysis indicator that measures the strength of a stock's price movement. It is calculated using the average gains and losses of a stock over a given period of time, and is displayed as a line graph with values ranging from 0 to 100. A stock with a high RSI is considered to be overbought, and one with a low RSI is considered to be oversold. RSI is commonly used by traders to identify potential buying or selling opportunities, and to confirm other technical analysis signals. It is calculated using the following formula: RSI = 100 - 100 / (1 + RS), where RS is the average gain of the stock over the given period divided by the average loss of the stock over the same period.
Repainting in Pine Script refers to the phenomenon of an indicator or strategy's output changing as new price bars are added to the chart. This can happen when the indicator or strategy uses data from future bars to calculate its output, which is not available at the time the indicator or strategy is initially calculated. As a result, the indicator or strategy's output may appear to change or "repaint" as new data becomes available. Repainting can be a problem because it can make it difficult to accurately backtest or forward test a strategy, as the strategy's output may change depending on the data that is available. It can also make it difficult for users to interpret the indicator or strategy's output, as it may not be clear what data was used to calculate the output. To avoid repainting, it is important to design indicators and strategies that use only data that is available at the time the indicator or strategy is calculated. This can be achieved by using functions such as sma(), wma(), and ema(), which use only historical data to calculate their output. It is also important to test indicators and strategies thoroughly to ensure that they do not exhibit repainting behavior.
MarketGod v9 Recommendations BTCUSD Recommended Filter by Time Frame for Max Net Profit * 1D: 20 * 6H: 15 * 4H: 40 * 1H: 40 * 15m: 40 * 10m: 50 Recommended Filter by Time Frame for Max Percent Profitable * 1D: 20 * 6H: 5 * 4H: 50 * 1H: 35 * 15m: 50 * 10m: 40 * 5m: 50
The MarketGod indicator is based on a combination of technical indicators such as moving averages, oscillators, and volume data, to provide traders with buy and sell signals. The indicator is designed to help traders identify trends, identify potential entry and exit points, and manage risk.
Backtesting is a way of evaluating the performance of a trading strategy by simulating its performance on historical data. It involves applying a trading strategy to historical data to see how well it would have performed in the past, and it can be used to estimate the potential future performance of the strategy. Backtesting can be a valuable tool for traders, as it allows them to test their strategies on a large amount of data and to make more informed decisions about which strategies to use. It can also help traders to identify potential problems with their strategies and to make adjustments to improve their performance.
MarketGod is only on Tradingview at this time. Many users have found Chrome Extensions to convert our alerts into their MT4 or other automated needs but we are not aware of which ones specifically.
In trading, max-drawdown is the maximum loss that an investment or trading strategy has experienced. It is typically expressed as a percentage of the initial investment or trading capital. It is used to measure the risk of a given investment or trading strategy, with a higher max-drawdown indicating a higher level of risk.
From the homepage, click on ‘Chart’ in the top navigation bar. Select “Indicators” on the top-center-middle panel: In the indicator library, you will notice your tradingview account will now have a "invite only" section on the left-and side. The indicator and strategy will both be available to you.