What's new in this indicator Support and resistance levels have been re-coded to give you a cleaner visualization. as always when you see a support indication you set the support level at the close of the candle. if they cancel this red you place it at the bottom. If the candle is green you place it at the top. You always place the S/R level at the close of the candle.
Two other indications added to the script are called, Bull Rejection and Bear Rejection. --Bull rejection shows up when there's a bullish rally and then there's enough resistance to stop that upward move. --Bear rejection is when there's a bearish move and there is enough resistance to stop that downward move.
If you get a resistance indication followed by a bullish rejection indication you should exit your trade. Because it's showing you resistance at that level and enough pushing back down.
If you get a support indication followed by a bearish rejection you should exit that short trade because it's showing you there is support at that level and enough force pushing to the upside.
Love the oscillator. Works great, and really helps you visualize divergence as a trend is loosing momentum. Great new feature, sometimes yo
Viktor2516
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Hey bro, the last update comes with the default config that you use? So, this configuration works to scalping on 5 o 15 minutes? Thanks for your work
CoffeeshopCrypto
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@Viktor2516 works on all time-frame up to 1day. at daily chart, the vwap dissapears so instead u can use the LSMA moving average in the HARSI.
When I release the Mass Effect moving average it will include a vwap line which works on the daily chart so u can still have alerts showing up from ur HARSI, which by that time will be called The Hekien Ashi Algo Oscillator.
For thus release I would drop the STOCHASTIC LENGTH to 36 (not the stochastic rsi setting)
Great new feature, sometimes yo