This indicator acts as a filter for determining recent breakouts and consolidations in price.
The first way to use the indicator is with a short lookback period. It then will paint yellow most of the time, with red marking a sharp recent breakdown in price and green marking a sharp breakout in price. This can be used to follow the breakout, or to fade it.
A pun between the word flag and the adjective flagging (less dynamic), this indicator have two bands who react faster when in contact to the price. Imagine you are under sheets, if you abruptly rise, the sheets will instantaneously go up, then if you abruptly get down, the sheets will fall slowly until being in contact with a surface, this is because...
Rules 1h to 4h for Crypto:
- This script should be used as confirmation of an entry that the trader is preparing, since the signal can move 2 or 3 candles because it is calculating the chances of a rally in that area.
- The S and B are Stoch crosses in overbought and oversold
- The green and red triangles indicate new maximums and new minima of 4 candles back...
This indicator is a flag mast detector.
Works with cryptocurrencies, Forex and stocks.
Marks with "M" the possible mast.
CandlesToAnalyze: Quantity of Candles to Analize.
MinMastCandles: Minimum quantity of green candles of the mast.
MinPercentageMast: minimum percentage of mast gain.