[blackcat] L2 Reversal Labels

12 בינו׳ 2022

Level: 2

Background

There is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon, etc. at a glance.



Function

This indicator performs screening and filtering through the fast and slow line data corresponding to the output of the standard MACD indicator, so as to realize the function of judging the top and bottom of the trend.

Inputs

N/A

Key Signal

Near Top --> Top is reached and reversal may happen soon. (red labels)
Near Bottom --> Bottom is reached and reversal may happen soon. (green labels)

Remarks

This is a Level 2 free and open source indicator.

Feedbacks are appreciated.

14 בפבר׳ 2022

הערות שחרור

Add more methods to set up alert

14 בפבר׳ 2022

הערות שחרור

Thanks to romainmarzullo ! after adding a shorttitle, alerts are available now!