OPEN-SOURCE SCRIPT
Exhaustion Candle Indicator (ECI)
Atualizado
The Exhaustion Candle Indicator (ECI) is designed to help traders identify significant exhaustion points in price action. These points can indicate potential areas of interest where price may experience a change in momentum, providing insights into both continuation and reversal setups.
Key Features:
Exhaustion Candles: ECI identifies key exhaustion points by analyzing bullish and bearish candle patterns, helping traders spot potential support and resistance areas or moments of market pause.
Customizable Alerts: Built-in alert functionality allows traders to receive notifications when an exhaustion candle forms, providing timely updates for monitoring price action.
Time-Based Filtering: The indicator analyzes price action during peak trading hours (6 AM to 11 AM New York Time), reducing noise and focusing on more impactful market moves.
How It Works:
Bullish Exhaustion: Detects potential market hesitation or demand in a downtrend by spotting bearish-to-bullish candle patterns with long upper wicks.
Bearish Exhaustion: Identifies potential resistance or supply in an uptrend by spotting bullish-to-bearish candle patterns with long lower wicks.
Usage:
This indicator is ideal for traders seeking to understand points of potential market exhaustion, useful in both continuation and reversal setups. It can be used alongside other indicators and technical analysis methods to enhance trading strategies.
Key Features:
Exhaustion Candles: ECI identifies key exhaustion points by analyzing bullish and bearish candle patterns, helping traders spot potential support and resistance areas or moments of market pause.
Customizable Alerts: Built-in alert functionality allows traders to receive notifications when an exhaustion candle forms, providing timely updates for monitoring price action.
Time-Based Filtering: The indicator analyzes price action during peak trading hours (6 AM to 11 AM New York Time), reducing noise and focusing on more impactful market moves.
How It Works:
Bullish Exhaustion: Detects potential market hesitation or demand in a downtrend by spotting bearish-to-bullish candle patterns with long upper wicks.
Bearish Exhaustion: Identifies potential resistance or supply in an uptrend by spotting bullish-to-bearish candle patterns with long lower wicks.
Usage:
This indicator is ideal for traders seeking to understand points of potential market exhaustion, useful in both continuation and reversal setups. It can be used alongside other indicators and technical analysis methods to enhance trading strategies.
Notas de Lançamento
The Exhaustion Candle Indicator (ECI) is designed to help traders identify significant exhaustion points in price action. These points can indicate potential areas of interest where price may experience a change in momentum, providing insights into both continuation and reversal setups.Key Features:
Exhaustion Candles: ECI identifies key exhaustion points by analyzing bullish and bearish candle patterns, helping traders spot potential support and resistance areas or moments of market pause.
Customizable Alerts: Built-in alert functionality allows traders to receive notifications when an exhaustion candle forms, providing timely updates for monitoring price action.
Time-Based Filtering: The indicator analyzes price action during peak trading hours (6 AM to 11 AM New York Time), reducing noise and focusing on more impactful market moves.
How It Works:
Bullish Exhaustion: Detects potential market hesitation or demand in a downtrend by spotting bearish-to-bullish candle patterns with long upper wicks.
Bearish Exhaustion: Identifies potential resistance or supply in an uptrend by spotting bullish-to-bearish candle patterns with long lower wicks.
Usage:
This indicator is ideal for traders seeking to understand points of potential market exhaustion, useful in both continuation and reversal setups. It can be used alongside other indicators and technical analysis methods to enhance trading strategies.
Script de código aberto
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