REDK BSI Trading Guide

The RedK BSI is a quantitative technical analysis tool. REDK BSI port for the new ECharts chart engine. Optimized to Golden Standard. - Drastically reduced memory overhead by consolidating 11 historical arrays into O(1) Ring Buffers in _meta.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Lookback (lookback): Controls the calculation period and sensitivity for market detection.
• Main Length (mainLength): Controls the calculation period and sensitivity for market detection.
• Smoothing (smoothing): Controls the calculation period and sensitivity for market detection.
• Sentiment Length (sentimentLength): Controls the calculation period and sensitivity for market detection.
• 1. Close vs Low (weightCloseVsLow): Controls the calculation period and sensitivity for market detection.
• 2. BoP (weightBop): Controls the calculation period and sensitivity for market detection.
• 3. Rel BoP (weightRelBop): Controls the calculation period and sensitivity for market detection.
• 4. 2-bar Close (weightClose2): Controls the calculation period and sensitivity for market detection.
• 5. Shift Ratio (weightShift): Controls the calculation period and sensitivity for market detection.
• 6. Rel Shift (weightRelShift): Controls the calculation period and sensitivity for market detection.
• 7. Rel Range (weightRelRange): Controls the calculation period and sensitivity for market detection.
• 8. Rel Vol (weightRelVol): Controls the calculation period and sensitivity for market detection.
• Pivot Length (pivotLen): Controls the calculation period and sensitivity for market detection.
• Show Divergences (showDiv): Controls the calculation period and sensitivity for market detection.
• Deviation Period (devPeriod): Controls the calculation period and sensitivity for market detection.
• Deviation Multiplier (devMult): Controls the calculation period and sensitivity for market detection.
• Sentiment (sentiment): Controls the calculation period and sensitivity for market detection.
• BSI (bsi): Controls the calculation period and sensitivity for market detection.
• Signal (signal): Controls the calculation period and sensitivity for market detection.
• Bull Div (bullDiv): Controls the calculation period and sensitivity for market detection.
• Bear Div (bearDiv): Controls the calculation period and sensitivity for market detection.
• Deviation Up (devUp): Controls the calculation period and sensitivity for market detection.
• Deviation Down (devDown): Controls the calculation period and sensitivity for market detection.
• Bullish Divergence (bullDiv): Controls the calculation period and sensitivity for market detection.
• Bearish Divergence (bearDiv): Controls the calculation period and sensitivity for market detection.
• BSI Deviation Up (devUp): Controls the calculation period and sensitivity for market detection.
• BSI Deviation Down (devDown): Controls the calculation period and sensitivity for market detection.
• BSI Value (bsi): Controls the calculation period and sensitivity for market detection.
• Signal Value (signal): Controls the calculation period and sensitivity for market detection.
• Sentiment Value (sentiment): Controls the calculation period and sensitivity for market detection.
• BSI crosses Signal (bsi_cross_signal): Controls the calculation period and sensitivity for market detection.
• BSI vs Zero (bsi_vs_zero): Controls the calculation period and sensitivity for market detection.
• Sentiment vs Zero (sentiment_vs_zero): Controls the calculation period and sensitivity for market detection.
• Sentiment Up/Bull (sentimentUp): Controls the calculation period and sensitivity for market detection.
• Sentiment Down/Bear (sentimentDown): Controls the calculation period and sensitivity for market detection.
• BSI Up/Bull (bsiUp): Controls the calculation period and sensitivity for market detection.
• BSI Down/Bear (bsiDown): Controls the calculation period and sensitivity for market detection.
• Signal Line (signal): Controls the calculation period and sensitivity for market detection.
• Deviation Up Signal (devUp): Controls the calculation period and sensitivity for market detection.
• Deviation Down Signal (devDown): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• bullDiv - Bullish Divergence event signal.
• bearDiv - Bearish Divergence event signal.
• devUp - BSI Deviation Up event signal.
• devDown - BSI Deviation Down event signal.

2. Filters and Trade Levels

• lookback - Lookback value used for structural qualification or thresholds.
• mainLength - Main Length value used for structural qualification or thresholds.
• smoothing - Smoothing value used for structural qualification or thresholds.
• sentimentLength - Sentiment Length value used for structural qualification or thresholds.
• weightCloseVsLow - 1. Close vs Low value used for structural qualification or thresholds.
• weightBop - 2. BoP value used for structural qualification or thresholds.
• weightRelBop - 3. Rel BoP value used for structural qualification or thresholds.
• weightClose2 - 4. 2-bar Close value used for structural qualification or thresholds.
• weightShift - 5. Shift Ratio value used for structural qualification or thresholds.
• weightRelShift - 6. Rel Shift value used for structural qualification or thresholds.
• weightRelRange - 7. Rel Range value used for structural qualification or thresholds.
• weightRelVol - 8. Rel Vol value used for structural qualification or thresholds.
• pivotLen - Pivot Length value used for structural qualification or thresholds.
• showDiv - Show Divergences value used for structural qualification or thresholds.
• devPeriod - Deviation Period value used for structural qualification or thresholds.
• devMult - Deviation Multiplier value used for structural qualification or thresholds.
• sentiment - Sentiment value used for structural qualification or thresholds.
• bsi - BSI value used for structural qualification or thresholds.
• signal - Signal value used for structural qualification or thresholds.
• bullDiv - Bull Div value used for structural qualification or thresholds.
• bearDiv - Bear Div value used for structural qualification or thresholds.
• devUp - Deviation Up value used for structural qualification or thresholds.
• devDown - Deviation Down value used for structural qualification or thresholds.
• bsi - BSI Value value used for structural qualification or thresholds.
• signal - Signal Value value used for structural qualification or thresholds.
• sentiment - Sentiment Value value used for structural qualification or thresholds.
• bsi_cross_signal - BSI crosses Signal value used for structural qualification or thresholds.
• bsi_vs_zero - BSI vs Zero value used for structural qualification or thresholds.
• sentiment_vs_zero - Sentiment vs Zero value used for structural qualification or thresholds.
• sentimentUp - Sentiment Up/Bull value used for structural qualification or thresholds.
• sentimentDown - Sentiment Down/Bear value used for structural qualification or thresholds.
• bsiUp - BSI Up/Bull value used for structural qualification or thresholds.
• bsiDown - BSI Down/Bear value used for structural qualification or thresholds.
• signal - Signal Line value used for structural qualification or thresholds.
• devUp - Deviation Up Signal value used for structural qualification or thresholds.
• devDown - Deviation Down Signal value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.