wnG - Spikes Identifier

2022년 5월 6일

This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance.

When the price moves far away from the multiple moving average, the background color changes :
- Red for Short potential entry
- Green for Long potential entry

There are 2 ways to use this script :
- Conservative : Use it in your trading system to Take Profit ==> when the background turns red, close LONG position (and green = close short).
- Aggressive : As soon as the background turns red, enter SHORT (and green = long).

For aggressive use, I recommand you to couple this script with an oscillator to confirm the signals (RSI stochastic for example).

You can customize the sensibility with 4 levels :
- low probability of reversal
- medium probability of reversal
- high probability of reversal
- very high probability of reversal


PS : the "High" and "Very High" probability setup are the only one I'm using in my trading systems.

2022년 5월 21일

릴리즈 노트

2022.05.22 UPDATE (minor) :
- added switch ON/OFF for background colors

2022년 6월 10일

릴리즈 노트

2022-06-11 update :
Alerts added after request ;)