This indicator attempts to catch market tops and bottoms based on the market being extremely extended in its respectful direction. It combines a Triple Stochastic RSI as well as MACD convergences to strengthen the signal. A standard RSI can also be shown if needed.
Highlighted green means that you are moving towards a potential bottom. Highlighted red means that you are moving towards a potential top.
An arrow will signify that the direction of momentum has changed.
If you see the same colored bar below the highlighted area, price is converging; strengthening the original signal.
This indicator is extremely user-configurable. Just take a look at the settings as they are self explanatory.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.