OPEN-SOURCE SCRIPT
Revolution Kagi Reversal Amount Indicator
This is one of my favorite indicators. You simply type in the significant price levels for whatever asset you are trading and it will plot pivots accordingly. As in title, the indicator is based on the fantastic Kagi reversal indicator.
For instance, if, say, brent crude oil is trading at $60, you can assume that $10 and $5 will be significant price levels. If gold is trading at $1500, $100 and $500 might be significant and so on.
For instance, if, say, brent crude oil is trading at $60, you can assume that $10 and $5 will be significant price levels. If gold is trading at $1500, $100 and $500 might be significant and so on.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.