The crypto market is reacting very quickly based on BTC price, thus monitoring the BTC price is very helpful. This script will color the candles based on the BTC price trend. Set the timeframe and down/up percentage to monitor the BTC price trend, and the script should not repaint. The indicator will monitor the BTC price in a high frame, for example, for 4 hours,...
What does it do? This indicator allows you to identify possible top and bottom reversals by having a prior volume reversal identifiable by positive (top reversal) and negative (bottom reversal) waves. How does it work? Everytime the wave starts ending its movement by shrinking the size of the histogram bars, it might be signing that a price reversal is on its...
This is customizable indicator, for description please look:
This indicator was originally developed by Markos Katsanos (Stocks & Commodities, V.36:12 (November, 2018): "The Stiffness Indicator"). Like and follow for more open source indicators! Happy Trading!