Notes: Black crosses indicate squeeze. It means an impending move once squeeze is released Price tends to go from red dot to green dot to red dot to green dot to red dot in an endless cycle. We wait for the price bar to not touch the dots before we make a move If the price goes between the dots and the lines, it means it is likely overheated/oversold...
This is one of my fav script (Leledec Exhaustion). The original script was written in V2 by Glaz here All I did is to convert this to Version 4 of Pine Scripting language. An Exhaustion Bar is a bar which signals the exhaustion of the trend in the current direction. In other words, an exhaustion bar is “A bar of the last seller” in case of a downtrend and “A...
Made the lines invisible by default. One can see the values by going through settings
The code adapted from Lazy Bear's code such that I have added the indicator on the chart * Buy signal when lime * Close buy when green * Sell when red * close sell when orange