This indicator is developed for a higher timeframe such as a 1-hour chart - up to . The indicator will not work on every indices, currencies, stocks, you will see if the indicator work or not.
This indicator measures Abnormal Closes in relation to previous ones. The idea is that when an abnormal close appears the market might change direction.
HOW TO USE
1. Look for a signal.
2. Combine the Abnormal Close (Expo) - indicator with other indicators to confirm the signal.
3. Consider Enter the market.
INDICATOR IN ACTION
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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My scripts/indicators/ideas are only for educational purposes!
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