The super Rev Study is a buy sell indicator that uses a combination of 3 super trend lines [kivancOzbilgic], EMA, Williams %R and the [lazyBear] squeeze momentum indicator.
The super trend lines and ema are utilised to locate the trend. The williams %R has been incorporated to determine overbought/oversold conditions.
The buy and sell flags are generated based on the following conditions:
The location of the price in relation to the super trend lines if the price is above or below the EMA. If the Williams %R is oversold/overbought
The squeeze momentum indicator can be added as a filter to only allows trade in certain conditions i.e bullish and above the 0 line or avoid trades if bearish and above the 0 line for example.
All the indicators involved can be customised to created a unique indicator
Created by manomanomano, Developed by @badshah_e_alam
Release Notes
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Custom MK oscillator, added as a trade filter, The oscillator uses multiple wvap timeframes.