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This indicator is based the principle of breakout candle. Every candle that breaks out from the cluster may not lead to a rally. There are various factors that determine how a breakout candle will behave. This indicator calculates all those factors to suggest BUY/SELL signal once a breakout happens. This is a universal indicator that can work for all kind of instruments eg stock, currency, oil, crypto etc. This also works in every timeframe. PARAMETERS ================= move = 20 strongCandle =
Please follow the "How To Trade" instructions exactly for best results Wycoff theory is vastly used by institutional traders but when it comes to retail traders the concept isn't well understood by most. It is even more difficult to implement in intraday & swing trading. This No REPAINT indicator helps you in analyzing the market cycles and plots buy/sell signals at the start of trending phase. It studies the market strength of bulls and bears and does a effort Vs reward matrix calculation befor
This indicator is based on the Weis wave principle of wave volume. Below are few features of the indicator It draws the wave on the chart while the accumulated volume per wave in a different window at the bottom of the chart You can configure the turning point move It displays the accumulated volume (in thousands, eg for 15000 volume it will show 15) at the end of each wave You can also configure to show number of candles in the wave along with the wave volume The indicator calculates the distin