4% up — Indicator by maheshswamysheetal13

Price gains 4% in one candle then it display a green candle on charts with overlay :

Release Notes:

This indicator is very use full for swing traders. This indicator work only when below given conditions are met. Condition are given below.

Conditions:
* Price completed his rally in some day' ago then a price trading in a range or consolidating, In this moment price near to his historical breakout. Then this indicator will work and after this indicate a buy signal. Price could move another 15-20% in 5 days.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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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