This Technique is created by Tuncer Şengöz @TuncerSengoz on twitter
An uptrend with higher highs might not make new highs everyday. So how could we define the end of an uptrend? How could we tell the difference between the end of an uptrend and a temporary correction? This isolated high/low technique aims to help us in this kind of situations.
We call the highest point of an uptrend until the particular day “an isolated Peak” and consider the lowest point of the day before as a signal level. If the signal level is broken in 2 days, we assume the uptrend to be over. If it is not broken in 2 days, the uptrend continues. The same technique also applies to a downtrend and the only difference would be the direction.
conversely it has the same logic of finding an end of a downtrend, called "Isolated Bottom" which can be considered the highest point of the day before as a signal level the same way.
The success rate of this technique is quite high (around 85%). There is no required term for this technique and it can be used in yearly, daily or ticker charts, because the market moves in fractals and repeats itself in every scale.
As in every technique, it might also give false signals in some situations like extreme volatility or emotional decisions of masses. However, it will be very helpful for us to indicate the direction of a trend.
Creator: Tuncer ŞENGÖZ @TuncerSengoz on twitter
Sürüm Notları
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formula updated
Sürüm Notları
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PEAK1: Isolated Peak conditions occured 1 bar after the peak PEAK2: Isolated Peak conditions occured 2 bars after the peak
BOT1: Isolated Bottom conditions occured 1 bar after the bottom BOT2: Isolated Bottom conditions occured 2 bars after the bottom
kıvanç bey merhaba öncelikle bu indikatörde emeği geçenlere teşekkür ederim . sadece anlamadığım ayarlarda arrows renklerindeki 2. renk neiçindir ne işe yarar şimdiden teşekkürler...
erginbasar
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@dejavu1903, güzel soru. bende ilkte ayn soruyu sordum kendime. 2. renkler bosta, bir funksiyon eklenmemis.
migm
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this script repaint, the signal(arrows) appears 2 bar after, same as all timeframe.
erginbasar
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@migm, because it depends on 2. bar after highest or lowest bar. pls read desc. properly
erginbasar
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@migm, arrow should normaly appear on 2. bar after lowest/highest bar. A bug to fix it ;)
zaferbodur
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Kıvanç hocam çok teşekkürler ellerinize sağlık
simastikk
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Hocam 3 dk periyotda uyguladım al ve satları 6 dk sonra veriyor yani III bu 3 mumdaki harekete bakıyor ve son mumun harektine bakıp 1 muma al sat veriyor
bunu anlık olarak nasıl değiştiririz.
@KIVANCfr3762, if the arrow is offset by -1 or -2 bars, you are getting a 1 or 2 bar delay right? Seems like repainting but maybe I'm missing something?