TradePoint

An indicator to help you find entries in the current trend but showing overextensions and hidden divs

It is based off my SRSI indicator

Just more sensitivity and less clutter
I wanted to make it as clear and simple to follow

The underlying momentum is the leading indicator for which trades you want to take and candles will turn colors based on that

If its bullish (aqua) then only take bullish divs and overextensions as trade entries
If its bearish (red) then only take bearish divs and overextensions as trade entries

Overextensions are moves outside the bands

to get confirmation wait for the trade line to flip colors

So if youre taking a bullish /long then wait for the trade line to turn green

If youre taking a bearish / short then wait for the trade line to turn red.

its not needed but always safer to wait for that

This is a free script but hidden code since it uses my SRSI code

If you find it helpful or want to repay me someway just DM me

CHEERS

Versionshinweise:

Added alerts to all the buy/sell signals
Added more visual to the signals too

The channel gets shaded which ever trade is shown as well as the band changes colors too

Nothing else really neew

Watch this video to learn how to use it :)

https://t.co/u5gktQF8JE