This indicator tries to identify a local bottom or a local top in the trend by using volume, RSI and raw candle data.
If the candle is Aqua and has a B, it indicates a possible local bottom.
If the candle is Purple and has a T, it indicates a possible local top.
If the candle is Orange and has a R, it indicates a possible "reversal" or trend change...
Combines the trends of multiple local limits to provide a signal that represents how strongly they are aligned.
Each local limit has a value of either +1 or -1. The sum of all depths provides a signal.
The defaults are a minimum depth of 2 and a maximum of 4 resulting in upper and lower values between -3 and +3, and a total between -6 and +6.
Forex Insight Pro 3.0 for TradingView gives you abilities to see the stories hiding in the graphs of markets. It marks and reminds you about important parameters that are happening on the graph including:
Helps you to label the numbers from sequential counting of CC-X which compares the Close price of the right bar to the Close price of the left bar in...