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Gator Trader FX Scanner
The Gator Trader FX Scanner is designed to identify high-probability reversals by combining the Relative Strength Index (RSI) with Bill Williams Divergent Candles.
How It Works:
The scanner continuously scans multiple assets and timeframes for overbought and oversold RSI conditions. It then filters for divergent candles that signal potential shifts in momentum.
Color-Coded Signals:
Dark Green: RSI > 70 (Overbought) — potential for a pullback.
Dark Red: RSI < 30 (Oversold) — watch for possible bounce.
Bright Green: RSI > 70 plus a bearish divergent bar — strong reversal alert to the downside.
Bright Red: RSI < 30 plus a bullish divergent bar — strong reversal alert to the upside.
How It Works:
The scanner continuously scans multiple assets and timeframes for overbought and oversold RSI conditions. It then filters for divergent candles that signal potential shifts in momentum.
Color-Coded Signals:
Dark Green: RSI > 70 (Overbought) — potential for a pullback.
Dark Red: RSI < 30 (Oversold) — watch for possible bounce.
Bright Green: RSI > 70 plus a bearish divergent bar — strong reversal alert to the downside.
Bright Red: RSI < 30 plus a bullish divergent bar — strong reversal alert to the upside.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
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.