This indicator is built with the purpose of keeping things simple and user-friendly. It is a custom formula I developed lately and it signals pretty accurately changes of direction in the price. Added an Alert option to it lately - with customizable messages. _____________________________________________________ _____________________________________________________
HOW IT IS DONE
I make great use of the Average True Range indicator which is the best and simple volatility indicator out there and mix its behavior with several Moving Averages to catch exhaustions of trends and potential reversal points. Moving Averages are treated as bands and the price is kept within it (Something like Bollinger Bands , but custom).
The bigger the timeframe, the less noise you will have. It is playing out nicely to signal major trend reversal or retracements, but I used it for scalping aswell.
Skrip ini dipublikasikan secara closed-source dan anda dapat menggunakannya dengan bebas. Anda dapat memfavoritkannya untuk digunakan pada grafik. Anda tidak dapat melihat atau mengubah kode sumbernya.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.