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jasondhadley
25 Th05 2017 21:45

Price Action Trend Reversal Prediction V1 

AMEX:MORL1D

Mô tả

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To use this indicator click on "Add to Favorites". In your chart add it as you would any any other indicator.

Version 1 of this script supports Buy/Long actions.

*** This is a predictive indicator based off previous bars data, not current bars action. There is no such thing as a 100% correct indicator ***

This is based on 9 day consecutive price action.
Each day the criteria is met in a row the green will become brighter.
Once it hits the 9th day the indicator will be bright green with half of it aqua.
If it meets the criteria for a perfect reversal the indicator will be all aqua.

Version 2 will include Sell/Short indication as well.

Phát hành các Ghi chú

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Version 2. Updated to include sell data as well.
Trend Analysisreversalzonereversalspriceaction
Bình luận
JustCIO
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I like vsn 1. Are you still planning on a vsn 2 for shorts? If so, when?
Thanks!
abdjo
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aqua = buy and then it goes up, dark red = sell then it goes down

correct?
Pardon3000
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Great indicator, really helpfull. Can u explaing a little bit the orange bars used in the indicator? They seem to be another buy reversal?
wpatte15
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So this is the DeMark Countdown and Setup Indicator?
jasondhadley
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@wpatte15, based on the basic rules of it yes, but modified to check for overall trend to base the perfect bar off of.
jasondhadley
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@wpatte15, version 2 will have the sell side as well as exhaustion levels as well.
gold-forecaster
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Interesting indicator!
Waiting v 2
jasondhadley
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Instructions to access the indicator is located on the description.

Click "Add to favorites", open your chart and add indicator. It will be under your favorite indicators option.
syedh110
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any way to get the code bro i need to add some alertconditions thanks
kristiantaylor
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Any chance V2 will come out? This is a great indicator
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