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Chips Master
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Chips Master, a way to tell potential chips accumulation.
There are a couple of situation where Chips Master's Yellow Bars will show up.
Firstly,
When an uptrend trend completed Dow's 12345 waves, moving into ABC waves, yellow bars will show up between MA21 and MA60
if we refer to Granville rules, it is in the vicinity of buy point number 4.
Secondly,
During a down trend, when new low is created, potentially, yellow bars will show up, an indication of chips accumulation at low price.
Feel free to provide inputs to further improve the accuracy to benefit users.
Disclaimer : Purely for Technical Analysis study. No suggestion on buy/sell.
There are a couple of situation where Chips Master's Yellow Bars will show up.
Firstly,
When an uptrend trend completed Dow's 12345 waves, moving into ABC waves, yellow bars will show up between MA21 and MA60
if we refer to Granville rules, it is in the vicinity of buy point number 4.
Secondly,
During a down trend, when new low is created, potentially, yellow bars will show up, an indication of chips accumulation at low price.
Feel free to provide inputs to further improve the accuracy to benefit users.
Disclaimer : Purely for Technical Analysis study. No suggestion on buy/sell.
Nota Keluaran
5Dec21 : Revision 2. Updated to version 5 Pinescript. Added Table and Alerts.Skrip sumber terbuka
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