The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated. Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu. 🔶 SETTINGS Swing Lookback: Lookback period used for the detection of the...
Level: 2 Background The famous R-Breaker is a short-term intraday trading strategy that combines trend and reversal trading methods. Function -1) When the intraday highest price exceeds the observed selling price, and the intraday price drops and further breaks below the support line constituted by the reverse selling price, a reversal strategy is adopted,...
Idea The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit! Method We let the market first create a fractal We then let the market create an opposite fractal We then let the market break the first fractal it created, thereby trapping lots of trades in the process ...
THE SHARKFIN The AV Breaker uses a TDI to define sharkfins. You can set it up so it only alert sharkfins at a specific level. Like 70/30 above/below. Or at anytime it sharkfin the upper/lower band (Not using any level criteria.) THE BREAKER A breaker happens when an order block is taken out after a sharkfin setup. This gives a HIGH probabillity reversal...
This is a script that lets you manually add in a "Zone" by top and bottom price, which I intended to use so I could "Save" or "Trace Over" lines from the Breakers/OrderBlock indicator. This is so you can take the same drawing across different time-frames and charts, and color-code them. In the future I will be adding labels to the top and/or bottom of blocks...
Version 0.1 Using Pivots / Swing Point detection, this script plots the final swing candle's body span from top to bottom with an extended horizontal line, with a mid-channel point at 50% between open and close. Once the trend changes, these zones serve as support and resistance zones, and can help identify breakouts from ranges and probable reversal points...
Overview of Features This indicator attempts to implement Quickfingers Luc’s (QFL) Base Breaking trading methodology(1). It will monitor the chart price action and identify bases as they form and provide alert notifications for when bases and/or layers are cracked and respected. This indicator is designed to locate pivot patterns and validate them to ensure...
This script is an attempt to implement Quickfingers Luc's Base Breaking Strategy (steemit.com) where it will detect bases using pivot low detection, panic selling detection (price momentum), RSI and percent below base thresholds to trigger an alert condition.
Arbitrage pulse is used to see the big picture. The Bright Blue Line can not leave our Year Band (Dark Grey Band) Whenever our money line (Lime green line) crosses that bright blue line good or bad things happen. Typically our Major line( Orange Line) supports our money line but when it breaks support look out below!