Inizia

Priceactionanalysis

Extreme Reversal Setup Price ActionThe extreme reversal setup is a fabulous signal that I've back tested over countless years of data on many instruments, different timeframes, and using various trade management methodologies. The results have always been highly favorable. Needless to say, this setup remains a key staple of my trading arsenal. The extreme reversal setup is a classic "rubber band" trade. When a rubber band is stretched to its limits and then released, it snaps back in the direction from whence it came. We are looking to trade the snapback reversal with this setup. The basic setup occurs when an extremely large candle forms that is about twice the size of the average candlestick. While this candle may indicate that a continuation will be seen, the second bar of the pattern does not confirm a continuation and, instead, is an opposing candle that signals an upcoming reversal. When this occurs, you have a fantastic opportunity to buy below value, or sell at a premium. The extreme reversal setup looks to capitalize over-extended situations in the market, as responsive buyers and sellers will enter the market to push price back in the opposite direction. Courtesy : Frank Ochoa.
Indicatore Pine Script®
di scorpiomanoj
5
sonu gandla Adaptive swingssonu gandla adaptive swings is a price extreme adaptive indicator which make the trend more visible. When an asset is trending higher, it should regularly reach the upper adaptive (or very close to it), and even move past the upper adaptive on occasion. The price should also stay above the lower adaptive, and will often stay above the middle adaptive (or just barely dip below it). and as When an asset is trending lower, it should regularly reach the lower adaptive (or very close to it), and even move past it on occasion. The price should also stay below the upper adaptive , and will often stay below the middle adaptive (or just barely push above it) this is more price action oriented
Indicatore Pine Script®
di SonuGandla
1