The TopBot Reversal indicator utilizes exhaustion and historical price levels to draw a possible recent top and bottom level. Using these lines together with other directional indicators such as Stochastic or RSI, we can draw a conclusion to a possible reversal at these levels.
Use the link below to obtain access to this indicator.
Versionshinweise
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Added colouring to the bars for additional confluence for tops and bottoms based on a percentage ranking of historical price movement.
Versionshinweise
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Added a potential take profit range label after the TopBot lines are printed.