YouTube Video
YouTube Video Transcript
[Music] hey this is David for big bits in this video if you got a lot of things to kind of catch up on for the channel want to share a couple of things with you all but first of all I did want to point out that we have published our RSI and smooth RSI bull div strategy that we are working on in the pond script tutorial series see it’s got some really good entries on some positions here you look at the strategy tester this is exactly what you’re gonna see on the of the script page when you go to actually look at this one because it has done pretty good on 5-minute candles it is kind of designed with the default values four or five minute candles but you’ll see 100% hit rate all the way back to February second so a month for now and previous it returns for that it’s definitely not something that’s gonna catch everything if I’ve shown you in the videos for that on different assets that are a little bit more volatile even than Bitcoin that it might not work as well so you kind of have to play around with these until you find numbers that work for whatever you’re working with but for those of you who’ve seen it I’ll go over that in just a minute I did once those of you who are just kind of catching up on this I had quite a few people like one of the new indicators that I’ve put out and I’ll actually show you that one right now let’s see this one is the RSI call-outs and this is actually something that somebody suggested we create in the comments here on YouTube so essentially what this is instead of pulling up the RSI and another window down here and taking up some of your screen space what we’re doing is we’re just waiting until the RSI gets above or below a certain number and then we’re calling it out on the actual chart and it does a pretty good job of helping you recognize when things are oversold or overbought and you can customize it we’ll go over that and a little bit more detail mainly just covering labels on these and then there’s something else I’m working with with RSI which you might have seen if you saw me pull this one up it’s gonna be really interesting we’ll talk about it when we get around to the pilot script tutorials again but once again this one is something somebody suggested in the YouTube comments so if there’s something you want to see chances are I can make it if not we’ll learn how to do it and probably make a video about it but I really like this one it’s really easy nice and clean on the chart so when you get rid if you didn’t have all this stuff on the chart for the positions and it would be really clean but I’m gonna take that off now I want to go over a couple of a settings really quick on this take profit stop loss those are self-explanatory the RSI look-back period that’s pretty self-explanatory if you know what the RSI is I’m gonna be working on some more of the trading indicators explained so on those videos so that people can kind of understand what the RSI is I’ve been really focused on the development stuff here in pond so haven’t really done those but we’ll get back around those and buy below the lowest low and RSI divergence look back essentially what this does is it looks for the lowest RSI value in the look-back period so we look back like 20-30 candles whatever we haven’t said – I think it’s set to 10 here so it’ll look back 10 candles for the lowest RSI value and at that lowest RS spot I value it’ll save the price but if you set the buy below target percentage to something greater than zero it’ll actually trigger the buy once you get a certain percentage below that or required that you get a certain percentage price below that so if the low is here it would require the the price dropped like half a percent so right here so once it gets below that and the other conditions are met it could buy but if the all the other conditions were met above that but the buy below price was set too high then it wouldn’t trigger the purchase so that’s how that’s used and then of course you’re using the closing price for the RSI look back here and we also have RSI currently below this requires that the current RSI on the chart is actually below 30 in this case the RSI divergence look-back period this is how far back it’s going to look for a divergence and the RSI lowest in the divergence look back currently so that’s looking back into the past for the RSI the lowest RSI in that period I think I said 10 before that’s actually the smooth RSI look back period so this is a moving average this uses the whole moving average it’s kind of hard coded in there we can’t change that moving average right now but you can change the period of that whole moving average for the RSI there my apologies I think I messed up on that a little bit earlier but yeah so it by default it would go back 25 candles and then also there is a kind of back-up plan if your take profit and stop-loss don’t get hit for a while it’ll automatically sell above whatever the RSI value is here so if you want if you don’t want to use this I would just set it to like 101 because that’s not possible with the RSI indicator the minimum s RSI downtrend length this is our smooth RSI so not only do we need to be you know below the price that it was at the lowest RSI in the history and the 25 period back but we also need to have a smooth or a moving average of the RSI that’s also moving down and we want that moving down average to have occurred at least three times in a row before it’ll die and this kind of shakes out some of the positions that would have occurred while the price was still dropping although that still does happen quite a bit on more volatile type things and then the smooth RSI which is that moving errors we talked about also has a currently below target and if you don’t want to use this just like with the cell above you can just set it to 100 and it will work all the time if you’re just focused on RSI but with a smooth RSI it also makes sure that it’s at a low state as well and it’s been dropping that’s just kind of how those moving areas work with that but I’m trying not to go over this for too long we’ll have videos in the pine script tutorial series specifically for those but if you’re interested in that stuff please check out the tradingview profile definitely have a lot of people checking it out lately I think there’s been 20-something likes on the RSI callouts indicator that I showed you earlier and that was just made like 24 hours ago or something so yeah it’s been going pretty well here we’ve had a lot more people watching the channel everything’s been really good so there are a few other things that I wanted to share mostly just about the channel and catch you all up on things so first of all is you may or may not notice I use the brave browser and I’ve been wanting to tell you all about this for a while I mean I’m sure some of you all have noticed I’ve used the brave browser but I really do enjoy using the brave browser I use it as my default browser on all my devices now mostly because it has the ad blocking and the private tracking shields built in but of course the brave rewards are nice as well and I’ll show you about that in a second but my favorite thing and I’ve been dying to show you all this I don’t know why I haven’t done it yet but this is a new tab that I’ve pulled open and it shows you your statistics for the entire life of your browser and you can see I have tons of ads and trackers trackers blocked a bunch of HTTPS upgrades essentially what that is is it takes a URL that you type in and if you try to go to H just HTTP the unencrypted connection then it will try to attempt the HTTPS connection if the site has it set up and of course you will be working on a much more secure connection and then because of the ad blockers and the trackers blocked the loading time a lot of times it’s faster it says it saves you 8.2 hours but in some cases the pages actually load a little bit slower I would say most pages load quicker but some pages do load slower because they’re waiting on third things to happen and if these timeouts because they’re blocked by third-party trackers then it might take the site longer to load certain things and there are other issues with the shield’s certain websites they rely on third-party things to actually accomplish what they’re doing and just the way they were set up isn’t really friendly to a way the shield’s work so on some sites you’ll notice you’ll have to take down the shields and all you do to do that just click on the shields and it’ll take it off but yeah it’s pretty neat so you’ll notice I also have some brave rewards here eleven point seven base extension token that’s just in the last month I did want to show you the rewards as well and yes these are the real numbers these don’t have anything to do with any tips or anything I’ve received but I started using it I believe September or so of last year and this is me using on all of my devices how many bat I’ve received and you’ll see how much it’s worth in u.s. dollar terms here it’s pretty good we’re pretty much at the next payment date and you can see how many ads I’ve seen this month so this actually does start in at the beginning of the month although they don’t pay you for their previous rewards until the fifth so I have pending rewards of eleven point seven or two and a half dollars so basically for just using my browser I’m getting two and a half dollars and I also have another PC that I use that gets rewards and I have my mobile browser that gets rewards as well and it adds up really fast they haven’t believed the payouts used to be a little bit higher but it’s still definitely worth it in my opinion if you just want to have some sort of crypto coming in your way if you don’t want to keep the basic attention tokens of course you can withdraw them but you’ll have to set up an uphold account right now to be able to add ROM but once you do that you can sell them do whatever you want with them and speaking of that I have had a few people tip me on youtube with the rewards so just show you all how you can do that you can actually see that I’m a verify creator here and you can do a monthly contribution or you can just send a tip if you wanted to so that’s something that’s really neat I’ve gotten a few of those it’s really nice to see that people are actually using those and I really appreciate that but yeah that’s pretty neat so you can also do this for yourself if you also do YouTube or if you have your own website even tradingview is also a verified creator so if you wanted to you could tip tradingview I think we all pay them a lot of money already if your paid subscriber and if you’re not you’re seeing ads so I’m not really sure they need the tips but they’ll definitely take them another thing I’ve also started another giveaway I probably should have mentioned this at the beginning of the video but we have another $25 Bitcoin giveaway coming up here in March I’ve actually already started the contest and there’s actually a question that came from the livestream that we did just yesterday you can see that here and there was one thing that was covered here that we talked about that’s the answer to one of the questions or something that you can go find out on your own I might have even mentioned it in this episode or this video I should say so something to keep an eye out for if you click on it it’ll take you to gleam and you can see there’s already some people who’ve entered who’ve been following me I’ve posted us on Twitter and discord already so if you wanted to you can go ahead and get entered into the contest and this runs until the end of March and the winner will be selected April first but I’m gonna try to update the question periodically so that those of you who watch the videos can answer the questions and have a much better chance you can see those are worth much more because it pretty much shows that you’ve been paying attention to the videos or at least been watching the videos and being kind of active in the kind of YouTube community we’ve gotta get growing here but other than that I did want to touch briefly on light night I I meant to get around in this a long time ago I’ve been talking about this and some of my videos but it took me a while to figure it out I thought I already had an account set up but with their new shop or their store portal I had to create accounts or set up a password for my email here but it’s gotten started you can see they have referrals set up so if you want to check that out I’m actually gonna add this to the description of the videos and if you want to get light night you can do that as well you can see you can get a 20% discount so you get a free skin and 500 satoshis so you’re gonna need this a Toshi’s if you go to play the game if you’ve been watching and you’re curious you can use that 20% discount it’ll be in the description of the video but what I did want to show you was their store how they’ve got things set up you can see their flash sales you can see this is I think my avatar is what they call this but you can see the things that you can buy I’m not really too interested in purchasing anything right now but they do have the model store you can interact with them that’s really nice and it shows you the price for them and eventually I’ll go through and actually go through the process of adding some Bitcoin to their site or making the purchases on on the network I believe you just send them the Bitcoin and it will take care of that you might have to have a Lightning enabled wallet to do it because I believe all of their stuff is taken care of on the Lightning Network now you can also take a look at the library this is all of your items I did the pre-sale so I have several things already in there and we went over the mat there’s tons of stuff going on here but yeah I really want to show you that because they’re gonna have the single player coming out for this game and if you’re not familiar they’re gonna use the Lightning payments within the game to reward people who win or perform better so it’s kind of interesting concepts something I’m gonna check out and keep up with on the channel I do cover crypto news and these other things occasionally so if you just come here for the pine script stuff that’s completely fine you can just tune out on these videos but if you want to watch them I definitely appreciate that too but other than that I believe that’s all for today I’m gonna be working on some other videos this week coming out the RSI call-outs the other indicator that’s related to that I might have a indicator explained video and we might do something with light night as well I’m trying to think if there’s anything else I might also share something with my automated tool that I’m making for my social media but that might be a bit too much so I appreciate all of you watching if you haven’t already please subscribe especially if you like these videos or these types of videos we talked about indicators we talked about crypto we’re talking about crypto projects all in one video here so definitely stay tuned you like this sort of stuff please subscribe if I already mentioned that but I really appreciate you coming here watching the video till the end to like you have that means a whole lot to me so I really appreciate every one of you I’ve said that a bunch and thank you and have a nice day [Music]
YouTube Video Description
< br/> #bitcoin #crypto #cryptocurrencies #tradingview
Giveaway URL: https://gleam.io/TfQJe/bigbits-25-bitcoin-giveaway-march-2020
News URLS:
-https://www.coindesk.com/ico-project-enigma-settles-sec-charges-over-45m-token-sale
-https://www.coindesk.com/coinbase-becomes-first-pure-crypto-firm-approved-as-visa-principal-member
-https://www.coindesk.com/dont-obsess-over-crypto-end-users-we-still-need-developers-to-build-the-back-end
Website: https://bigbits.io
Discord: https://discord.gg/rapMn4z
Twitter: https://twitter.com/BigBitsIO
Facebook: https://www.facebook.com/BigBitsIO/
GitHub: https://github.com/BigBitsIO
TradingView: https://www.tradingview.com/u/BigBitsIO
Referrals……
Trade on Coinbase: https://www.coinbase.com/join/johnso_dxz
TradingView: https://www.tradingview.com/gopro/?share_your_love=BigBitsIO
Brave Browser: https://brave.com/big406
Lightnite Game: https://lightnite.io/ref=BigBits
DISCLAIMER: All my videos are for educational and entertainment purposes only. Nothing in this or any of my videos should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto coins and tokens. Consult with a professional financial advisor before making any financial decisions. Investing in general and particularly with crypto trading especially is risky and has the potential for one to lose most or all of the initial investment. In simple terms, you are responsible for your actions when trading.
