datsana ;
script uses analysis of :
- directional price movements ,
- strength / weakness of market,
- volatility
based on these indicators :
- DMI
- RSI & RSI div.
- Bollinger Bands
- Ehlers fisher transform
- DM
in order to find possible bullish / bearish reversals .
this script also uses a ‘deceleration’ system to filter reversal signals :
when a market is considered as too much volatile , then this ´deceleration system’ filters out all signals . ( you can turn off deceleration in the script settings )
you can also manage the ´deceleration density’ : the lower the deceleration density is , the more the filter be strict ( it will filter out more signals )
this indicators prints :
- RSI div. based support / resistance levels .
- bollinger bands
- ema199 / ema299 difference cloud
- liquidity gaps candles pattern ( ‘tkps’)
- possible reversal signals ( small arrows )
- filtered possible reversal signals ( triangles + ‘T’ or ‘B’ letters )
this script works better on low timeframes ( I recommend 15m to 1h TFs )