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Exhaustion Levels
Exhaustion Levels is an indicator designed to wait for an extreme overbought or oversold condition which then weakens in strength. The indicator flashes a yellow top-half-triangle for potential tops and a yellow bottom-half-triangle for potential bottoms.
Extreme levels of overbought can also be continuation signals if the market disregards the price level by rallying beyond the level. The same for sells. If the extreme oversold condition doesn't hold, then the decline will likely continue.
There are settings that allow you to adjust the sensitivity to the market. The indicator can be made to have extreme or normal sensitivity.
Many thanks to Vollchaot for writing the code for this indicator and for Key Earnings Levels, Key High Volume Levels, and Key VIX Levels. Thanks Johannes for a great job!
Extreme levels of overbought can also be continuation signals if the market disregards the price level by rallying beyond the level. The same for sells. If the extreme oversold condition doesn't hold, then the decline will likely continue.
There are settings that allow you to adjust the sensitivity to the market. The indicator can be made to have extreme or normal sensitivity.
Many thanks to Vollchaot for writing the code for this indicator and for Key Earnings Levels, Key High Volume Levels, and Key VIX Levels. Thanks Johannes for a great job!
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。