Arbitrage Level — Indicator by aixguru

volatility trendanalysis diy investing arbitrage velocity speed

The hardest question to answer in trading is "should I be in this trade"

With the help of Arbitrage Level, We can answer that question on whatever time frame you would like to trade.

How it works:

Just like a carpentry level, we want to know when there is more momentum up or down. So using momentum indicator (our red line) we can not only measure how fast it's moving but also in what direction.

So if the red line crosses over the dotted green line a new up trend should be beginning. If it crosses under it's time to go to cash.

Enjoy!

Release Notes:

Added Alerts for Positive and Negative Bias

Release Notes:

Updated Typo in Alert syntax

Release Notes:

Alerts were polar opposite of intended play direction!

Sorry about that!

Release Notes:

Minor Changes

Defaults set.

Merry Christmas and Happy Holidays,
Your Arbitrage Trade Team

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact aixguru for more information, or follow the author's instructions below.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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