OPEN-SOURCE SCRIPT

wnG - Spikes Identifier

Aggiornato
This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance.

When the price moves far away from the multiple moving average, the background color changes :
- Red for Short potential entry
- Green for Long potential entry

There are 2 ways to use this script :
- Conservative : Use it in your trading system to Take Profit ==> when the background turns red, close LONG position (and green = close short).
- Aggressive : As soon as the background turns red, enter SHORT (and green = long).

For aggressive use, I recommand you to couple this script with an oscillator to confirm the signals (RSI stochastic for example).

You can customize the sensibility with 4 levels :
- low probability of reversal
- medium probability of reversal
- high probability of reversal
- very high probability of reversal


PS : the "High" and "Very High" probability setup are the only one I'm using in my trading systems.
Note di rilascio
2022.05.22 UPDATE (minor) :
- added switch ON/OFF for background colors
Note di rilascio
2022-06-11 update :
Alerts added after request ;)
ATRBands and ChannelsextremeturnreversalSupport and ResistanceWave Analysis

Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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