web3quant indicator upgrade
What do I need to do to get this version?
its already live.
just logout of tradingview and re-login. remove the indicator and re-add if necessary.
it will be under indicators -> invite only -> Web3quant
if you are a annual sub then send a note to the support email mentioned in FAQS
Whats NOT changed?
One of the most liked aspect of the indicator is its simplicity. this has benefitted beginner or non traders. So have kept it same.
This is designed to be Simple & objective which can be used in confluence with the Web3Quant model updates.
green for a buy, Red for a Sell & black for a potential reversal.
you can set alerts as before.
those lines also act as support/resistance levels for entry exits.
Whats Changed?
with newer version everything has been streamlined to 3h timeframe.
now the signals are faster, more responsive yet still cleaner &plug & play from majors to memes.
pros are still free to choose a lower timeframe of their liking or combine them with their systems.
play around and backtest & see what suits your style.
RESULTS.
all snapshots are run without any change in settings.
Will go in detail for BTC and high volume memes.
you can play around yourself with the rest.
will also cover memes like WIF POPCAT billy selfie on LTF at the end.
as you can see the indicator was able to capture the move well
16k->25k
25k-70k
and gave you a clean entry as well as exits.
now trend is the easy part.
there are 2 nightmare scenarios for any indicator.
nothing is ever 100% immune to it but how it handles chop or black/grey swan events on a singular timeframe defines how good any indicator is.
if you are testing any indicator the above is what you should be looking for.
coz even moving average will give you enough signals on 5 different timeframes which looks good only in hindsight but not enough to trade them real time.
now a lot of you are interested in running it on smaller memes.
heres something you need to remember. just because you can apply an indicator doesnt mean you should apply an indicator to everything.
as always context matters.
never apply this to launches or very low volume stuff. because in those social momentum matter a lot more. one whale can make or break charts.
apply it on stuff where theres some volume and price history.
heres how the indicator performed on LTF (1h) timeframe.
for stuff like billy or selfie you can go even further down the timeframe at 30min as they have lesser price history.
