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GBTT Magic Line

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Overview:

This indicator merges concepts from RSI , Stochastic , and Stochastic RSI together and runs at a specific time period to look for potential oversold and overbought scenarios.

Intended use:

To provide educational content about the short term movement of an asset. Can be used on any time frame.

Disclaimer:

NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
Versionshinweise
Added option to show the TICK chart value on the side in a table, and changed the background shading to only show once the previous candle close is confirmed. This will eliminate any repainting/false positives that might happen on the live/real time candle.
Versionshinweise
Updated the UI only to not conflict with other tools color wise. Changed the default colors
Versionshinweise
updated the tick table to show TickQ over Tick when you are viewing QQQ or NQ
Versionshinweise
added optional parameters and version number in the settings. Functionality unchanged.
Versionshinweise
minor text tweak
Versionshinweise
added optional average value line, shows the average value of the magic line. Same concept as the "D" line on stochastic oscillators
Versionshinweise
added Extreme Condition alert option

Haftungsausschluss

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