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PROTECTED SOURCE SCRIPT

Nikesh Price Cycle

By Nikeshranjan
Updated
Every Script has a pattern and it follows a cyclic movement which results into many small and big swings. We have tried to capture these cyclic pattern. Division line acts here as a pivot point which defines a holistic view of bulls and bear power. Price moving above division line indicates bullish trend and price moving below division line indicates bearish trend. Price scale bar defines trend momentum. when price crosses price scale bar with green scale bar colour it shows we should enter. we will keep on booking our profit on near next fib level. we will exit the trend once price candle crosses linear regression line. for safe entry in case of bulls entry-- price scale bar,linear regression line and mid avg term line should be below price candle. In case of bears entry--price scale bar,linear regression line and mid avg term line should be above price candle.
Release Notes
parameters change
Release Notes
new parameters
Release Notes
Neutral line default colour changed for trend demarkation.
Release Notes
default colour change for clear view on chart
Bulls PowerbuysellsignalbuysignalOscillatorsprofitsellsignalstoplosstrailingstopTrend Analysis

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