OPEN-SOURCE SCRIPT

ATR + BJ Signal(GOLD)

180
This script visualizes a price-based counting pattern that highlights potential market exhaustion and reversal areas.
When a series of candles continues in one direction, the indicator measures price momentum loss and marks possible turning points.

Features

Counts consecutive upward or downward price movement

Highlights possible exhaustion or reversal areas

Optional alerts, take-profit and stop-loss visual levels

Fully customizable colors and display settings

Useful as a confirmation tool with trend or volume indicators

This indicator is designed to assist decision-making, not to generate mechanical buy/sell signals.
Best used together with other trend or volatility tools.

📎 Short Description (for compact field)

Counts consecutive price movement to highlight potential market exhaustion and reversal zones.
Helps identify when strong trends may be weakening.

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.