However many of these Oscillators are failing because they lacked to tell you one key thing. they tell you that you have but they never tell you if it's enough .
Even a popular indicator like the can have its Line crossing upwards over the signal, telling you that you have an uptrend but again it's still failing to give you the results of how much you have and is it enough in that crossover. It boils down to the one key fact that with out there is no momentum. This should be able to make trading crossovers a lot easier.
So in today's video I'm going to show you the newest addition to the trading View Community Scripts and it is called,
"The Bull Bear Void Oscillator"
From my own testing, this oscillator can predict weather the next candle will get you the move you need or not.
In the markets you cannot have anything good without . after you have you have momentum. you cannot have momentum without and this is the key thing that causes people to fail when they look for breakouts, trend reversals, or if they're wondering whether this move is a fake out.
This indicator is based on the study spread analysis or VSA .
This indicator is designed to be paired perfectly with the Heiken Ashi Algo oscillator.
This indicator is strictly to be used as a confirmation indicator and not to be used by itself to tell you when to buy or sell.
what are its parts.
is a and Cloud that appear extending from the center of words and the center down words. This is the average range of . anything that appears to close inside of this void is usually a ranging and it is not enough to break the trend or break out.
The and Signal Line
Just like using the these two lines indicate whether the trend is moving up for the trend is moving down
The Colored Columns
RED Column - Indicates movie downward
Light Red - indicates is pulling back from a downward move
Green - indicates is moving upwards
Light Green - indicates is moving down from an outboard move
Rules for a SELL CONFIRMATION TRADE
The line must be underneath the signal line and the line must be below the midline.
A column must appear below the midline and it must extend outside of the red void.
if you are using the heikin-ashi Aldo oscillator you must also have a red heiken Ashi candle close below -10.
To do a by trade you simply reverse the rules.
2. recalculated MACD and SIGNAL lines for visibility
3. Removed secondary "hline"
4. Added TREND COLORS to make MACD and SIGNAL more visible
5. Added color calculation to TREND COLORS to show when profits are being taken vs reversal positions are being generated.
2. Removed un-needed testing code.
This should now be a finished product
-Updated default fast and slow MACD inputs to match my trading style.
-Added background color to the oscillator to make it easier to know when volume is trending up or down. In the previous version it was hard to see the ribbon color changing behind the volume bars.
Add alerts for when volume enters a "Tradable Zone"
GreenZone = You have a new Green background
RedZone = You have a new Red background
NewZone = You have a new Green OR Red background incase you like to swing trade
-Added color coding for Hight Time Frame Volume separate from current or chart time frame
**In a later release there will be signals appearing to show confirmation of trend reversals, Simple pullbacks in volume, volume exhaustion."
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