This indicator displays two Bollinger Bands coming from two different time frames, chart's current one and a higher one. It analyzes these two Bollinger Bands data and combines them with RSI, MFI and MACD divergences and SuperTrend to identify areas of opportunity where price is the most likely to be at a local top or bottom. It uses probabilistic data, the...
Based on the concept of Robert Miner Book "High Probabilities Strategies" This script shows at the same time the DTosc of the current time frame and the higher one (shaded gray columns) For daily-weekly, for hour-daily, for 15 or 5 minutes hour are automatically selected as higher time frame The green zone shows that both oscillators are alligned Four Types....
I call this my "anchor line" to show me the general direction of where bitcoin -0.51% is going on any given day. Whether you are trading on 5m, 30m, 1h, this can provide you reinforcement for your directional bias (bullish/bearish) I like to use this in place of a 50EMA or 200EMA to find the general direction of the trend, because it more precisely captures the...