[KRONOS] Gamma Strength
This indicator's main component is the signal line which represents a very responsive market strength value calculated from real time data and normalized into a range (0 - 0.5 - 1). Indicator is using Stochastic and RSI functions to get raw value filtered through a linear regression, helping users predict imminent market directions. Lastly, this value oscillation is converted into a range to notice overbought and oversold zones at a quick glance.
It includes
Divergence. Indicator plots R for regular divergence and H for hidden with minimal possible delay which can be used to notice irregularity in the market.
Extreme overbought and oversold areas. Colored background extreme areas are showing points where a reversal is approaching.
How to use?
Buy/Long when the indicator line goes out of the blue/oversold area.
Sell/Short when the indicator line goes out of the red/overbought area.
extra tip: you can use the zero line and overbought/oversold zones as either a take profit or an entry area.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact kronos-algo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact kronos-algo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.