INVITE-ONLY SCRIPT

Expansion Top/Bottom (Expo)

Updated
Expansion Top/Bottom (Expo)

DESCRIPTION

Expansion Top/Bottom (Expo) indicator is a powerful oscillator that visualizes temporary Top/Bottom as well as trend shifts. When the market moves boldly a histogram will be formed in the indicator which indicates that the movement might be at its end. It's always a great idea to lock in some profit when we get these histograms. These ‘Lock-in’ profits points are visualized by a cross.

The professional trader has the ability to adjust the length of the calculation. A longer length means that the indicator spots broader market shifts. A short length means that the indicator spots temporary tops/bottoms.

Use the indicator in combination with other signals and analysis techniques.

HOW TO USE

1. Use the indicator to identify temporary tops/bottoms.
2. Use the indicator to identify broader tops/bottoms.
3. Use the indicator to visualize the trend.
4. Use the indicator to visualize ‘Lock-In’ profit points.


INDICATOR IN ACTION

Short length (Length = 14)

BTCUSD
snapshot

EURUSD
snapshot

BRENT
snapshot

BRENT
snapshot

BTCUSD
snapshot

Long length (Length = 50)

BRENT
snapshot

EURUSD
snapshot

BTCUSD
snapshot


The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below.

• I have started to publish private scripts which are not visible on my profile. However, if you're interested to know more about these scripts, drop me a message at my webpage and I will show you these scripts as well. The rationale behind publishing these scrips as private is that I don't want them to be indexed in search engines.



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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Release Notes
Minor improvements.
Release Notes
Minor Update.
Release Notes
Major Improvements!

  • Momentum is added.
  • Top/Bottom signals are added. These can also be seen as "Take profit areas". If a signal occurs and the market shows no sign of reversal, that signal should be seen as an impulse.



Best
Release Notes
Major Performance Improvements
  • A unique "Leap Curve" added to detect disturbances within the current price movement.
  • AI Expansion Top/Bottom Added
aiindicatoraitradingbottomOscillatorsreversaltakeprofitTOPtopbottomfindertrendTrend Analysistrendshiftindicator

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Zeiierman for more information, or follow the author's instructions below.

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Author's instructions

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Disclaimer