Bottomed Out v1
Bottomed Out - Heads Up
Indicators used internally
The main idea behind this indicator is let you know when market is bottoming out, it works on all time frames, higher time frames are recommended.
You can change the bottom value in the properties section this will give you a wider or tighter signal depending on the values.
*Notes:
If price goes lower after a signal, this is possible a bullish divergence, since indicators are going out of the bottomed zone but price is making a new lower low.
Indicators used internally
- Bollinger Bands
- Chaikin Money Flow
- Money Flow Index
- Stoch
- Stoch RSI
- True Strength Index
- Chop Index
- Fisher Transform
The main idea behind this indicator is let you know when market is bottoming out, it works on all time frames, higher time frames are recommended.
You can change the bottom value in the properties section this will give you a wider or tighter signal depending on the values.
*Notes:
If price goes lower after a signal, this is possible a bullish divergence, since indicators are going out of the bottomed zone but price is making a new lower low.
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