PROTECTED SOURCE SCRIPT
Groot Index
For validation of Harmonic Pattern. We have a weird way of clubbing few things into Moving Average to spot out pivot levels. This will work better than normal RSI in Indian Markets due to its manipulative nature. It also shows up speculative volume buildups.
You can select three things here. The best will be if you leave it at default settings.
25 indicates overbought.
75 indicates oversold.
But, as it has the impact from the volume of the stock apart from prices, it can not be named as a lagging nor a leading indicator.
Use it for divergence testing and as an additional method for confirming Potential Reverse Zones (PRZs)
If you want to use this in a white chart, use this indicator which shows the lines in white -
You can select three things here. The best will be if you leave it at default settings.
25 indicates overbought.
75 indicates oversold.
But, as it has the impact from the volume of the stock apart from prices, it can not be named as a lagging nor a leading indicator.
Use it for divergence testing and as an additional method for confirming Potential Reverse Zones (PRZs)
If you want to use this in a white chart, use this indicator which shows the lines in white -
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.