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RE: FACTOM-BTC Trendlines and a Possible Long

in #trading8 years ago (edited)

Interesting but before you do the trade you should look at the way FCT move against USD. Because if BTC goes down against USD (I dont think its gonna happen now ..) you could be loosing money even if FCT worth more BTC.

I use pine script on trading view to plot FTCUSD doing FCT/BTC * BTC/USD
try paste this in editor --->
//@version=2
study("FCTUSD")
//-- FTCBTC --
DBopen=security("FCTBTC","1D",open)
DBhigh=security("FCTBTC","1D",high)
DBlow=security("FCTBTC","1D",low)
DBclose=security("FCTBTC","1D",close)
//-- BTCUSDT --
BUopen=security("BTCUSD","1D",open)
BUhigh=security("BTCUSD","1D",high)
BUlow=security("BTCUSD","1D",low)
BUclose=security("BTCUSD","1D",close)
//-- DOGE/BTC * BTC/USDT = DOGE/USDT --
DUopen=DBopen * BUopen
DUhigh=DBhigh * BUhigh
DUlow=DBlow * BUlow
DUclose=DBclose * BUclose
//-- plot --
palette = close >= open ? green : red
plotcandle(DUopen, DUhigh, DUlow, DUclose, color=palette)

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Very nice! and good advice too. Thanks!