Setting the CTHULHU indicator
1️⃣Open access to the indicator
4️⃣Settings that can be changed manually
After granting access to the CTHULHU indicator to your TradingView account, you need to click Indicators in the upper panel (above the chart)
Next, in the opened window on the left, select the section With restricted access and select the Cthulhu indicator
Our indicator should appear above the chart and the indicator visualization will appear on the chart
And choose a Light or Dark theme.
Example of a light topic of the analytical table of the indicator
Example of the dark theme of the indicator analytical table
2. Depending on your monitor in the settings of the indicator it is necessary to choose FullHD or 4K resolution, the size of the text in the Analytical table of the indicator will depend on it.
💡It is important to note that we recommend using the indicator and presets on a 30 minute or hour timeframe.
Now let's move on to the main settings of the indicator and its capabilities.
Dozens of presets for different coins are available to you (to be added over time), and 3 universal presets and an adaptive preset are also available.
Universal presets (used on 30 minute or hour timeframe):
You can choose according to your trading style. These presets differ from each other by the frequency of trades..
- Universal - small number of trades
- Universal1 - large number of trades
- Universal2 - average number of trades
On the universal presets you can test your strategy. You change the parameters and see the results in the analytical table of the indicator.
What settings can be changed??
- TP (Take-Profits) - several presets with take profit fixing are available, or you can set your own custom settings (number and % of fixing at each take profit). Any change in your strategy parameters will change the data in the analytical table
1 - 100% на TP 1;
1-2 - 50% на TP 1, 50% на TP 2;
1-2-3 - 1/3 на TP 1; 1/3 на TP 2; 1/3 на TP 3
Stop Loss - sets a fixed % in numerical terms
Stop Loss Type - Stop loss calculation from Trend Line or Entry Price is available.
Stop Loss Mode - several variations are available:
- Fixed - fixed, no offsets.
- Breakeven - Transfer Stop-Loss to the breakeven point. This option works together with the Stop Loss Target parameter. If we use this option, it is necessary to specify at which Take-Profit Stop-Loss will be moved to the breakeven point.
- Trailing Trend - in this case Stop-Loss will be placed behind the trend line.
- Trailing TP - Stop-Loss offset when taking Take-Profits. When TP 1 is reached, the stop is moved to breakeven; when TP 2 is reached, the stop is moved to TP 1, etc.
We also choose the start and end date of the backtest to analyze the strategy.
This parameter works only in universal presets. The indicator searches for repeated entry points on the trend. That is, there can be several longs or shorts in a row. Without this function, the indicator looks for entry points for longs, after the longs are worked out, the indicator starts to look for entry into shorts.
In all presets for trading pairs our strategies are embedded and hidden and the user can change only TP Presets
❗When using a preset for a particular pair, it is important to have the chart of this coin open (we use all presets for trading pairs on a 30 minute timeframe)
You can try to use Preset 1000BONK (for example) on the chart of another coin, but the result (you will see in the analytical table of the indicator) can be good, or it can be terrible. Strategies were developed for specific trading pairs, there is no guarantee that a particular strategy will work for other trading pairs
Additional opportunities for manual trading
- Reversal parameter can be enabled in the indicator settings. Green and red points will be drawn on the chart. This parameter allows you to determine the best entry points for re-entry or premature closing of the trade.
It is recommended to use this parameter in the analysis together with the trend line.
Green and red dots appear on the chart. In this example, we see a rising trend line, so we trade long. When a green dot appears on the chart above the rising trend line, it is an additional signal of possible growth. Then we see the appearance of a red dot - this is a signal to think about partial/full closing of the position.
❗It is important to understand that this is an additional tool for analysis, not a guarantee of success.
The appearance of this parameter on the chart indicates good resistance or liquidation in large volume. As a rule, a reversal or rebound occurs from this zone. They appear quite rarely.
In the settings of the indicator you can select the Advanced trading mode
In this mode, all Take-Profits and Stop-Loss are removed and channels are displayed.
The wider the channel, the higher the volatility and the greater the price movement.
The narrower the channel, the lower the volatility and the flattish movement on the market. In this market environment it is better to refrain from trading.
Green and red triangles are displayed on the chart.
✅A good entry point to long (green triangle) from the upper boundary of the channel (exit up from the channel) and crossing the trend line up.
✅A good entry point to short (red triangle) from the lower boundary of the channel (exit down from the channel) and crossing the trend line down.
💡When exiting the channel, the trade can be pulled for quite a long time. If it goes back into the channel and consolidates, it is better to close the deal.
You can use this trading strategy inside the channel as well, but it will not be a strong trend and you should not expect a strong movement.
Alerts are handy when trading manually.
You can customize notifications about the triggering of some event on a particular coin.
🔸Long - signal from the indicator to go long
🔸Short - signal from the indicator to go short
🔸Reversal UP - allows you to determine the best entry points for re-entering long or closing a short trade prematurely
🔸Reversal DN - allows you to determine the best entry points to re-enter a short trade or close a long trade prematurely
🔸Trend Line Test - trend line testing. It is from the trend line that it is often advisable to open longs and shorts
These are basic TradingView settings, they do not affect the indicator operation in any way.
Just know that you can customize the appearance of the charts.
To change it, right-click on the chart and click Settings.
Example of a dark indicator theme and changing the background to black
Addition to the indicator - ADAPTIVE
Together with the indicator you have access to the additional script Cthulhu Adaptive (CT_AD)
You can add it to the chart as well.
In the script settings you can also choose the theme (light or dark), choose the font size to match the resolution of your monitor (fullHD or 4K)
There is only 1 important setting here - Calculated bars
💡This parameter allows the indicator to analyze the specified number of candlesticks, the more the better
On the base tariff the maximum number of candlesticks for analysis is 10000
There are 2 types of adaptive available:
Select ADAPTIVE in the presets
AI Best_1 select the adaptive option
CT_AD: Best_1 (Profit) or CT_AD: Best_1 (P/L)
AI Best_2 select the adaptive option
CT_AD: Best_2 (Profit) or CT_AD: Best_2 (P/L)
❗Important method in AI Best 1 and 2 parameters must match Profit - Profit or P/L - P/L 2.
Set the base values (at other values adaptive will not work):
- Binance - https://accounts.binance.com/register?ref=OIVG3Z7V
- ByBit - https://partner.bybit.com/b/cthulhu
- Bitget - https://partner.bitget.com/bg/cthulhu
- OKX - https://www.okx.com/join/CTHULHU
- BingX - https://bingx.com/partner/cryptocthulhu/3V9vi3
- MEXC - https://m.mexc.com/ru-Ru/register?invideCode=mexc-Cthulhu
- KuCoin - https://www.kucoin.com/r/af/cthulhu1
- BitMEX - https://www.bitmex.com/app/register/5j750Q
- BloFin - https://partner.blofin.com/d/cthulhu
TradingView - https://ru.tradingview.com/pricing/?share_your_love=w1nfast1990
Cornix - https://dashboard.cornix.io/register/E719C838
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