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- Price exhaustion;
- Overbought / Oversold;
- Decision making levels;
- and many more factors.
It CAN'T be used itself (one and only) to execute the positions. Please make sure that you use your own strategy and use this tool as a supportive one. Only in this case you can increase your win rate factor, as well as profitability.
Recommendations:
- The red dot is for short / sell positions, as well as, the green dot is for long / buy positions.
- Keep the defaulted variables, unless you want to adapt indicator by changing timeframe's variables based on your trading style. Lower variables is for scalpers and day traders. Higher ones are for swing traders and investors.
- TP levels can be adjusted too based on your strategy and RR. Or you can simply switch them off.
Disclaimer: This is indicator was developed and shared only for educational purpose.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact finetique directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
(c) FINETIQUE
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact finetique directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
(c) FINETIQUE