GBTT Magic Line
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!
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
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