█ Overview The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging...
Shows 2 different states of breakout: Arrow = unusual volume, raising volume, positiv rate of change, standard deviation breakout Bolt = very unusual volume, very high standard deviation breakout
What are Fakeouts? As the name suggests, Fakeouts are breakouts that failed to continue beyond a level, resulting in a ‘false’ breakout. Traders who take long trades on breakout of the resistance level anticipate price to keep going up. A fake breakout (also known as ' Bull Trap ') happens when price reverses and starts falling instead of continuing to go up....