It includes the following indicators
1) Strength Candle Identification
Body height/Candle height ration > 50% indicates candle is unidirectional and has strength
On a 5 minutes chart, 2 strength candles form a breakout
When combined with 34 30 crossing 100 along with strength candles for Breakout with momentum and entries can be made with 8 5 < -135
2 strength candes at the bottom form bottom confirmation
2 strength candes at the bottom forop of the chart indicates a top confirmation
pSAR gives the earliest signal for reversal, if the pSAR changes it's trend it indicates that the reversal is in progress
pSAR indicates 34 5 mins crossing 60 / -60
The helps you identify the waves and overlaps.
These are used to identify Binet's formation, HH, HL, LL and LH.
In NimblrTA we primarily use:
8 5min is used for timing Entry and Exits.
If 8 is lesser than -135 we Enter Buy Trades.
If 8 is greater than +135 we Enter Sell Trades.
34 30min (Red) is used to ascertain Direction of Trade.
If 34 30min (Red) is greater than +100, the trade must be a Buy Trade.
If 34 30min (Red) is lesser than -100, the trade must be a Sell Trade.
34 5 mins is used to assess the power of the breakout
34 5 mins is used to assess reversals and pullbacks
For MTF use
study("NimblrTA Basic", "NimblrTA Basic", true, format.price)
myLabel = label.new(bar_index, low,
// Set or change the label's text
label.set_text(myLabel, "Indicator is now discontinued and is replaced by TinyIC,\n Please contact the author krishnakhanna for details.")