Guided by new ICT tutoring, I create this versatile Spike Range
This indicator shows a different way on how to display "Spikes or Shadows" based on their size, the indicator divides the "Spike or Shadows" into levels 0.5 - 0.75 - 0.25 Fibonacci, giving the possibility of viewing the "Spike or Shadows" with a certain size and being able to use them as continuation or reversal zones
The user has the possibility to: - Choose the size of the "Spike or Shadows" - Choose to view "Spike or Shadows" levels - Choose to show only bullish or only bearish "Spike or Shadows" levels
The indicator should be used as ICT shows in its concepts. The indicator takes into account the "Spades or Shadows" that have a certain size (based on the minimum range set)
These Spikes can be rated as "FVG" so you can expect reactions on the levels it marks, considering a reversal or continuation based on the range being respected If the Spike is Bullish and the Price closes by invalidating 50% of the range we can evaluate a possible entry up to the High of the Spike Below is an example of how to use them:
@Giovanni-1- Sir, why this indicator only work in ceritain pair? Only at btc USD and eth USD. It does not work on forex and crypto currency except ethusd and btcusd.. I already play with the setting options and it still don't work at all..would you like to fix it Sir? Thanks mate
Giovanni-1-
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@ukmpits, I use it on Index, I have never tried it for Crypto or Forex
ukmpits
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@Giovanni-1-, would you like to turn on the function for forex and crypto Sir? Thanks mate