█ This indicator shows V bottom & V top patterns as well as potential V bottom & V top. These V bottom & V top are chart powerful reversal patterns. They appear in all markets and time-frames, but due to the nature of the aggressive moves that take place when a market reverses direction, it can be difficult to identify this pattern in real-time. To address this problem, I added potential V pattern as well as the confirmed one.
█ Usages: You can use V top & V bottoms for reversal zones. You can use it for scalping strategies, as a main buy & sell signal. Potential V patterns can be used to anticipate the market, in addition to volatility or momentum indicators, for example.
█ How it works? This indicator uses pivot points to determine potential V patterns and confirm them. Paramaters are available to filter breakouts of varying strengths. Patterns also have a "max number bars" to be validated.
█ Why a Strategy type indicator? Due to the many different parameters, this indicator is a strategy type. This way you can overview the best settings depending on your pair & timeframe. Parameters are available to filter.
█ Parameters: Deviation: Parameter used to calculate parameters. Depth: Parameter used to calculate parameters. Confirmation Type: Type of signal used to confirme the pattern. > Mid Pivot: pattern will confirm on mid pivot breakout. > Opposit Pivot: pattern will confirm on opposit pivot breakout. > No confirmation: no confirmation. Lenght Avg Body: Lenght used to calculate the average body size. First Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout of potential V pattern. Confirmation Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout for the confirmation. Max Bars Confirmation: The maximum number of bars needed to validate the pattern.
Informacje o Wersji
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Change name parameters.
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Change color label.
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Change chart.
Informacje o Wersji
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Clarify chart.
Informacje o Wersji
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Add option "At First Break" for the breakout confirmation type. > Confirm a V top/bottom pattern at the breakout of the level initiated by the potentiel V top/bottom.
This is an awesome indicator. I combined this with Harmonic Pro from lonesome and it works wonders. Cheers Buddy
tsmulugeta
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What is the difference between the free and paid versions?
Mupsje
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hi, thanks for this , Do you recommend any best TF to use ? (15Min)
raja131995
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VP light green vp light red appear after 1 or 2 candles close . possible to get alert next bar open ? please reply
decentDog32961
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Hi, everybody How do I turn on the indicator alert? I couldn't turn it on, please help
fapsidakna
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we argued with a friend that its not repainting, he showed it to me live, it really does repaint. What is the purpose of doing repainting indicators if they dont bring any results except beautiful past data?
fapsidakna
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you are genius my friend! I built indicator for myself for 2 years by trying million of different combinations. At the end of the day I found out that the only thing works RSI type indicator where you buy low and sell high. Thats it! Order blocks, trendlines, and all other patterns are good traps for retail traders. All we need is figure out when the price is low and when the price is high and when its reversing. I guess you figured it out, and it doesnt repaint as some comments ( I tested with replay mode marking every single alert) I wish you could explain more about those alert types and colors. Thank you again for such an amazing indicator, I will now play with settings to see which one is perfect fit.
Elon_Sak
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Repaint.
fapsidakna
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@Elon_Sak, cnt understand the purpose of creating repainters.
trylebtrade
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Thanks. Please make indicator of this and this will be great with some development