Colored bars can be turned on to assist in finding an entry. Purple signifies a drag and potential dump.
Fibonacci lines can be turned on to track price action and find entries/exit.
This indicator follows the same rules as COG. For more information please see my COG HOWTO here:
Added extra alerts:
-Crossover and crossunder with pressure (green/red dots).
-Crossover and crossunder at market low or at market high (white line at top or bottom of indicator) .
-Overbought orange and red.
Now includes a downward boom line, Its the same as the yellow line but for finding tops and short entries.
Ive only included one type of short signal for now to avoid the indicator lighting up like a Christmas tree.
There is also an option to square the lines which helps filter out noise. The examples below both show indicator with downward boom line turned on and short entries turned on. The bottom Indicator also has square lines tuned on. Please note that these options are still in development stages but I thought I would release it for now as nothing helps progress like feedback from people actually using it. Next release will feature more short signals and general bug fixes.
Minor update: Default settings now include square lines, downward booms and short signals.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.