Scary Flush Indicator R0

9 thg 12, 2025

Work in progress.

Calculates the gradient based on candle lows (previous low to current low). Works on all time frames.
Looks for a selling gradient of >0.75pts per minute then highlights. Anything less than this indicates a lazy grind down and indicates a potential invalidation for the FBD.

8 thg 1

Phát hành các Ghi chú

Calculates the gradient from previous bar low to current bar low and highlights the bar red when this exceeds the elevator down threshold which is 0.75pts/min by default. Essentially looking to indicate to the user when ES is putting in a scary flush, a key component of the failed breakdown strategy. The absence of a signal indicates low volatility which can be an invalidation when used with other factors, such as low quality significant low or poor context.

Strongest signals come on higher timeframes e.g. 15min, below this and you will get a lot of triggers, though can still be useful on 5 or 10min.

Added a second level for extreme flush which paints bar purple. Be careful when this triggers as this is a very violent sell, give price time to settle before taking the long.

Also added an indicator bar which paint yellow when we get both the elevator down trigger (low to low exceeds 0.75pts/min decent rate) and the bar closes above the open of the previous bar. Essentially this is going to be a bar with a large wick that meets elevator down criteria.