CAT Exhaustion Points
This indicator looks for divergences.
Every move starts with an initial strong push - see blue labels "STR". That first pushes just initiates a new trending move.
That strong move can be faded but quite often that is only the first push that is followed by additional pushes in the same direction.
When the second push is not that strong the indicator prints a label "1st".
A green label "1st" means the first bullish divergence.
A red label "1st" means the first bearish divergence.
When the third push is even weaker the algo prints a label "2nd".
A green label "2nd" means the second bullish divergence.
A red label "2nd" means the second bearish divergence.
But the most interesting signal is "Clmx", the pink label.
"Clmx" means the final climatic move.
This is what you will not find in other indicators. All other indicators track divergences but quite often you will see that the very final push up or down breaks divergences.
This indicator is solely for informational purposes, shall not be considered a complete trading system, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user’s particular investment needs or objectives.
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
Every move starts with an initial strong push - see blue labels "STR". That first pushes just initiates a new trending move.
That strong move can be faded but quite often that is only the first push that is followed by additional pushes in the same direction.
When the second push is not that strong the indicator prints a label "1st".
A green label "1st" means the first bullish divergence.
A red label "1st" means the first bearish divergence.
When the third push is even weaker the algo prints a label "2nd".
A green label "2nd" means the second bullish divergence.
A red label "2nd" means the second bearish divergence.
But the most interesting signal is "Clmx", the pink label.
"Clmx" means the final climatic move.
This is what you will not find in other indicators. All other indicators track divergences but quite often you will see that the very final push up or down breaks divergences.
This indicator is solely for informational purposes, shall not be considered a complete trading system, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user’s particular investment needs or objectives.
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
Nota Keluaran:
v2. 3 May 2022
added Second Climatic Sell/Buy alerts
added Second Climatic Sell/Buy alerts
Nota Keluaran:
v.3. 3 May 2022
Added STRONG SELL/BUY CLIMAX alerts
Added STRONG SELL/BUY CLIMAX alerts
Nota Keluaran:
5/8/2020 fixed a bug - incorrect names of alerts.
Nota Keluaran:
v.3.0, updated 9 May 2022
(1) added option to change size of labels. You can pick tiny labels to save screen space on your smartphone
(1) added option not to show less important minor divergences to save screen space on your smartphone
(1) added option to change size of labels. You can pick tiny labels to save screen space on your smartphone
(1) added option not to show less important minor divergences to save screen space on your smartphone
Nota Keluaran:
v.4 Added signals "Buy" and "Long", "Bull Trap" and "Bear Trap"