Cosmic Rays Lite

Cosmic Rays Lite (CR Lite) draws dynamic non-repainting trendlines and helps

⭐ see small and large trends
⭐ predict reversals with high accuracy
⭐ spot bullish and bearish breakouts
⭐ time the end of breakouts

👀 HOW IT WORKS

Cosmic Rays Lite compresses 14 moving averages of varying type and length into 7 plots and filters those down into the closest support and resistance lines. When the price moves above final resistance or below final support, additional "ripple" lines are appended using aggregate standard deviation multiples. The visibility of each line is toggled depending on its stability and its proximity to the price.

📗 HOW TO USE IT

Cosmic Rays Lite is designed specifically to be visible only during the most relevant times so as not to clutter your main setup. Likewise you will know to pay attention when a certain Cosmic Rays Lite level is shown. The main strategies are:

• long when the price reverses off of the support line and short when the price reverses off of the resistance line
  
• long when the price breaks above a support or resistance line and short when it breaks below
  
• long when it reaches a support ripple line and short when the price reaches a resistance ripple line
  
• use in combination with other indicators to spot chart patterns such as triangles (see chart)