ES Bundle

13. Jan. 2021

This script is for ES ( E Mini futur or MES) day trading only.
It is a simulation of marker behavior resulting in 2 kind of level:

Oversold and overbougth level:
* It is square shape: orange and red are 1st and 2nd level of Overbougth ( high probability to down of 16 points if you have a bearish divergence of momemtum above these levels)
* It is square shape:blue and green are 1st and 2nd level of Overbougth ( high probability to upof 16 points if you have a bullish divergence of momemtum above these levels)
*In case of crazy market rend (10% of the time, only small reversal is expected but more often than not momemtum will not plot divergence)

Level of support and resistance

*There is 2 size ( cross shaped pattern), the small is for daily timeframe and the large is for weekly timeframe
*Purple line is the fiest and weakest area of resistance or support
*Blue cross is and interesting level, if momemtum plot divergence above blue resistance or below bull support it is time to search for short or long respectivly
*Red line is when crazy market happen, every divergence above or below red line is a major trade reversal


Obviously if you are on support level + under oversold zone it is the best setup to long and vice versa

15. Jan. 2021

Versionshinweise

Update :
*Adding Bundle for GC, CL, SPX, BTC and VIX
* Adding FIlter for signal ( red and blue triangle)
*All signal must be filtered by divergence on momemtum reader (see indicator on tradingview)