The Anomaly Indicator is an idea I recently come up with. Its very simple, yet it can be extremely useful. The Anomaly indicator detects the current and general trend channels. When the yellow line which is the current channel, exits the general channel this will usually mean an anomaly. Anomalies can vary within meaning, from a trend reversal, a market change...
As requested by the Alpha community, here's our release.
This is a different type of Wavetrend indicator; here, we have a statistical approach to the waves. We normalize the trends as a reference to measure how much every move differs from the average.
If the move is too far out, it tends to go back to the average as a rule. This indicator yields a %. As you can...
TREND ANOMALY ALERT - NON REPAINTING
Trends and reversals alert
Exclusive: This exclusive indicator is ideal for traders looking for a unique & non repainting alert.
Advantages: Alert can hold a major trend
Limitations: Can show false signals as the alert does not recalculate live price. Only reads 12 hour timeframe.
TradingView account needed: free