Bursts And Arrows

This indicator plots the major points possible points of reversal in the market

Release Notes

Updated Script To Conform With House Rules

How to use this indicator
This indicator uses 2 level stress detection setting to come up with points that are likely to reverse.
When the shapes are printed, the market is likely reversing or facing a stress in one direction and soon it is going to reverse to the opposite direction

Theory:
You have 2 tennis balls with different sizes. Before a tennis ball bounces back from the wall, it faces a compression and the size, material and speed affects the compression of the ball.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

DevLucem

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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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

DevLucem

🤖🤖🤖🤖🤖🤖🤖🤖🤖🤖
Automate TradingView Alerts
tradingview.to?ref=bih
🥰😍😍🥰😍😍🥰😍😍🥰

Also on: