Using Modified code from Lazybear's CVI 0.17% indicator and some logic, this script can help identify value buy and sell opportunities at a very early phase. Best used as a confirmation tool. This is a beta, so use it as such. Enjoy.
Sometimes "top" indications in an uptrend mean to look for an opportunity to add to position while "bottom" indications during a downtrend can represent the same thing. The trend is your friend, use it to your advantage!
Red star above bar == potential top Green star below bar == potential bottom
@abhipac, what do you mean? you add it to your chart, and it can indicate potential market tops/bottoms
abhipac
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@dbt1033, Got it !! Thank you
LWaynetrading
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@dbt1033, When I add it, my price bars get really really small...almost a straight line, how do I correct to get a normal chart of price bars?
yazeed
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@dbt1033, I have the same issue as @LWaynetrading, it seems to happen when auto scale is on, any idea how to get this working with auto-scale?
Q10
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I been looking for something that shows the potential tops and bottoms and from what I'm seeing , I think I finally found the one to complement my overall strategy. I can't wait for a setup to let you know how it goes. Can't wait for the alpha build.
thuanthan
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Great, rather exact. Thank you for sharing.
Just comment out: //plot(bull, color=green)
//plot(bear, color=red)
to have it shown as normal chart.