Hobbs Continuation Setup

1 Şub

This TradingView indicator attempts to identify momentum in the market by using multiple market measurements in confluence. This indicator can be useful in multiple timeframes and can be effective when used in confluence with other trading strategies like support/resistance and pattern continuation or breakout. Specifically, Hobbs Continuation Setup looks at:

Candle formation in relation to the prior candle.

Candle volume in comparison to prior candle.

Current trend in moving average convergence or divergence (user configurable).

Relative strength or weakness and length (use configurable).

Current price in relation to fast and slow exponential moving averages (user configurable).

18 Şub

Sürüm Notları

This update allows the user to turn on or off each of the continuation parameters referenced by the indicator. This allows each user to fine tune the script to meet their own criteria.