A current work in progress script to help pick multilength trades. Script will be available only to students: chartbulls-trading.teachable.com
Enjoy the indicator and message me if interested in trying or in course.
This script's purpose is to provide a really quick view of gain/loss of a buying price.
As it is my first script, it is not perfect.
You have to select % scale and input your buying price in the options.
I'll continue to work on it to :
- make an auto selection of % scale (if possible)
- render different colors...
Minimum and maximum points in a day trading session. It may help you spot the range which min and max occur in a session.
In day trading, for example, at securities like GBPNZD, minimum happens between 02:00-05:00 ET and maximum between 08:00-14:00 ET. This indicator can help you test this hypothesis.
The Intraday Reversal Risk Indicator ("IRRI")
Copyright (C) 2017 Fournier, Bradford
Purpose: IRRI is simple yet efficient at spotting intraday UP-TO-DOWN reversals.
Advantages: IRRI often leads RSI and OBV as indicator of such up-to-down reversals.
Use-Case: IRRI can augment your intraday sell timing and decision making.
Example in attached image:...