Arun_K_Bhaskar

Angle & Price Flow

This is a simple end of the day indicator based on open and close values.

Angles:
Identifying narrow angles helps to find breakouts
Maximum angle = High chance of reversal
Minimum angle = Chance of breakouts on the next day or upcoming days.

Price Flow:
I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.

Features:
Multi time frame
Labels
Hide previous period

Combine it with other indicators for better result.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

It will be good if you show to also calculate the slope/angle.
Because for very minimal inclination, the values of slope/angle will help to differentiate and decide trade priorities between two different assets/stocks.
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Please note: This indicator is for after market hours for stock selection purpose only. It won't work in live market. I am refining the script. Once it is completed, I will make a write up on how I use it for stock selection and spotting the top gainer or loser of the day in advance and to select stocks for swing trading.
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Sounds like a great idea, but not working with me, nothing on the chart :-/
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@castifao, This is in testing stage, I am working on it to improve.
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it's repaint
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Arun_K_Bhaskar leeboontuck
@leeboontuck, Yes, it is a end of the day stock selection indicator not for live market.
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