This is a simple end of the day indicator based on open and close values.
Angles: Identifying narrow angles helps to find breakouts Maximum angle = High chance of reversal Minimum angle = Chance of breakouts on the next day or upcoming days.
Price Flow: I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.
Features: Multi time frame Labels Hide previous period
Combine it with other indicators for better result.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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