Ultimate ABC Indicator by @DaviddTech

22 Sep 2021

This is the indicator version of my Ultimate ABC strategy we are looking for HH & LL to create an ABC pattern.

Shorts are defined by an ABC pattern.

Short:
* Starting with a low to a Higher High
* Breaking that trend to a new low
* Creating a new Higher High (FOMO HH)
* If the price breaks below the previous HH we have our entry.



Longs:

* Starting with a Hight to a Lower Low
* Breaking that trend to a new high
* Creating a new Lower Low (FOMO LL)
* If the price breaks above the previous LL we have our entry.

Stop loss just above or below the FOMO LL/HH.
Take Profit using a Fib or Risk to Reward.

Additional features :
* Add divergences for confluence MACD/RSI
* Auto Fib levels for taking profit.

WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colors.

If you have any questions or feedback, please let me know in the comments.

22 Sep 2021

Nota Keluaran

Added local support and resistance levels.

22 Sep 2021

Nota Keluaran

Added candlestick patterns.