![]() ![]() * This is a private script for Personal Use. This Situation is incredibly rare and very unlikely to occur" ![]() This issue is also present, although to less likely, in long deferred Sequential 13 Countdowns, and only applicable to Aggressive counts when the deferred checkbox is enabled in the settings. This issue is most likely to occur on the Combo, where steep price movement followed by a pullback can lead to Combo counts being deferred for long periods without setting a "close lower/higher than the prior Countdown close". When the prior counts have completed, the completed count will begin from Countdown number 1, not taking into account the candle history since its respective Setup 9 was reached. If the current printed Countdown number, and the successive (nonprinted) queued Countdown are being deferred, and a third-level or higher (nonprinted) queued Countdown completes to a 13 count prior to the completion of the other preceding counts, the script will not register this queued 13 count on the chart, nor will its history be properly recorded. "There is an issue pertaining to queued and deferred counts for Sequential, Aggressive and Combo completing out of order which will result in the wrong Countdown number being registered. What I am able to do is explain a limitation on the script which unfortunately cannot be fixed at this time due to limitations of pine code: THIS REALLY REALLY SUCKS as I wanted to use this for my Release Notes. You will also need to learn how to interpret the code because the arrows DO NOT necessarily mean to blindly act on a trade.ĭue to a recent Update to TradingViews Publish Script Section, I am not able to post any external images explaining all the Optional & Customization Features of this Script nor am I able to post an image explaining the embedded Alert features. There is no single public source of information to explain everything in this code and even the book about Tom DeMark indicators does not talk about things like 'intersection' so you might need to start googling each concept independently. Here is a very good presentation on it from Bloomberg as part of their Market Essentials Trading Education Series. You should be very familiar with traditional trading techniques & Tom DeMark's indicators in order to understand how to use this in your trading. The Time Indicator (TI) or Random Number Generator (R N G) gets its inspiration from the classic and trademarked work of Tom Demark & the Sequential System of Larry Williams (with one of the biggest differences being the elimination of the "Price Flip" being a necessary condition to start a "Setup"). To avoid any Trade Mark violations, the official math rules have been slightly optimized & name changed. Vays relies on his momentum reversal indicator (MRI), an advanced script for professional traders that signals the end of trends based on the momentum in price action.*This is a private script for Personal Use. If we crash down to $14,000, $15,000 in Bitcoin, everything will align with the MRI for the perfect buying opportunity.” So sometime in early October we should align with everything. We’ll have a monthly MRI buy next month in the stock market… The weekly MRI buy won’t come in three weeks, so that’s going to align as well. “I think we’re going to go to a second consecutive MRI buy, and then all the stars and the moon will align… We already have a monthly MRI buy on Bitcoin. At time of writing, Bitcoin is changing hands for $18,743, flat on the day.Īlthough the seasoned trader is expecting a new bear market low for BTC, Vays says the correction will present the “perfect opportunity” for Bitcoin bulls. ![]() Everything here is calling for a short position.” Source: Tone Vays/YouTubeīased on the analyst’s chart, Vays appears to be expecting a Bitcoin correction down to the $15,000 price area. Looking at Bitcoin’s four-day chart, Vays says bears are still in control of the king crypto. “ I still think a capitulation next week or the week after is very, very possible.” ![]()
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