This indicator is developed mainly based on the combination of Price Change, Volume and Stochastic . The criteria used for the signals to trigger are:
- Bullish signals - Stochastic, k is crossed at below overbought area with Volume increment or Price increased significantly.
- Bearish signals - Stochastic, d is crossed at above oversold area with Volume increment or Price decreased significantly.
Total 6 signals to determine:
- Potential Pullback (green cross below bar - weak bullish signal).
- Significant Price Up (green cross below bar - weak bullish signal).
- Pullback (green triangle below bar - strong bullish signal).
- Potential Retracement (red cross above bar - weak bearish signal).
- Significant Price Drop (red triangle above bar - strong bearish signal).
- Retracement (red triangle above bar - strong bearish signal).
This indicator is best combine with Stochastic and Volume indicators. Signals in this indicator are also equipped with alerts.