BloodInTheStreets

BloodInTheStreets is a Momentum Indicator derived from MikeTyson. It signals OverBought (OB) and OverSold (OS) condition in the Price Scale.

The indicator draws a OB/OS cloud. It signals OB/OS condition when price enters or goes beyond the cloud.
If price is:

• In Between the Cloud: No man's land
  
• Inside the Upper/Lower Cloud: OB/OS
  
• Beyond the Upper/Lower Cloud: Strong OB/OS (very usual in crypto currencies)
  

It also includes a feature to draw a helper line to place your Stop Losses (SL).
The SL line is placed beyond the OB/OS cloud, at a point where there's a very low probability that could be taken by Market Makers Washouts.


Additionally, the indicator could be customized by:

• Show/Hide Cloud
• Cloud Factor: To fine tune the OB/OS levels according to the characteristics of each market
  

The indicator needs at least 180 history bars to determine OB/OS levels.