Market Top & Bottom hunter v1.0
I’ve made this indicator to decide when to do that.
This indicator classifies past 3 bars’ price & volume moving into 256 patterns, & projects probability of current bar’s high or low will be the highest or lowest in upcoming 5 bars(incl. current bar).
And I found interesting fact that sometimes price goes higher with high possibility of market top. It means market is in super bullish situation.
Because historical data says price had to go down but not. It's same for bearish side.
Each indicator's bars shows probability of market top or bottom.
You can change prediction target (Top / Bottom) in setting panel.
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You can check how it works on any chart by using trial version!
Please check it out here! -->
More information:
tradeindicator.tumblr.com/post/157975692232/market-top-bottom-hunter
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact naoca directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact naoca directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.