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Gold Reader by MarketReader

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Gold Reader is an indicator created for gold trading only. It is the result of deeplearning and cluster 2 step analysis. These analysis highligth specific intra-days patterns.
Pattern 1 is a full bearish day, pattern 4 a full bullish day.
Pattern 2 is an accumulation - manipulation - and bearish impulsion day
Pattern 3 is an accumulation - manipulation - and bullish impulsion day
The indicator draws 6 boxes.
-The orange box (high of pattern 1) correspond to the time and price where the high of the day is likely to form if we are in a pattern 1.
-The purple box (low of pattern 4) correspond to the time and price where the low of the day is likely to form if we are in a pattern 4.
-The red box (high of pattern 2) correspond to the time and price where the high of the day is likely to form if we are in a pattern 2.
-The blue box (low of pattern 3) correspond to the time and price where the low of the day is likely to form if we are in a pattern 3.

The 2 gray box correspond to the high probability of high of a bull day and low of a bear day. It is good area for a end of the day reversal.


ORZ= optimal reversal zone. It is a specific pattern for New York continuation of London session in case of pattern 1 and 4.
Release Notes
Minor bug correction:
-"Ligth theme" is working
-more old level can be seen on historical data

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.