Zeiierman

Intelligent Price Action - Negative Close (Expo)

Intelligent Price Action - Negative Close (Expo)

DESCRIPTION

Intelligent Price Action - Negative Close (Expo) identifies important negative closes that have an impact on current price characteristics. The indicator is visualizing selling pressure! These price patterns are valuable insight when trading the market.

• Selling pressure is seen in reversal points.
• Selling pressure can be seen when the sellers are exhausted.
• Selling pressure can be seen in negative breakouts.


HOW TO USE

1. Use the indicator to identify selling pressure.
2. Use the indicator to identify reversal points.
3. Use the indicator to identify exhausted sellers.
4. Use the indicator to identify breakouts.

Combine the indicator with ‘Intelligent Price Action - Positive Close (Expo)’ or with my other Price Action indicators.


INDICATOR IN ACTION

EURUSD

EURUSD

BTCUSD

BTCUSD

GOLD

WALL STREET

WALL STREET

WALL STREET

BTCUSD

BTCUSD

EURUSD


The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

Release Notes: Major Improvements!

  • High and Low Signals are added.
  • Positive price action can now be enabled


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Comments

Wow, The new signals together with Heikin Ashi give great insight into the current price action.
+1 Reply
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