––––History & Credit
The indicator was taught to me by an advanced IBD Masterclass that I attended about 8 years ago. When it happens it is noteworthy.
–––––What it does
It shows when there is a positive breadth thrust. It calculates, based on IBD's backtested criteria a strong breadth thrust in either direction. Up or down. The IBD guidelines is to use the...
This is an overlay script for Phoenix Ascending Oscillator. This indicator will signal entries (red/green triangles) and bounces (yellow triangles). In settings select "Phoenix Ascending: Red RSI". You can overlay on the oscillator or over the chart (choose above and below bars in style settings)