umur.ozkul

Reliability[UO]

This is an SMA based indicator. It gives a sense of long term behavior of the asset to make a reliable trade setup

How reliable is your asset to trade without gambling? Is there a reliable trend?
Is this price dip an opportunity to buy?
Is this price spike an opportunity to sell? Or would you avoid buying now and rather wait a bit for prices to fall down to a more reasonable level?

You can recognize all of those points on this indicator. The best to do is to look at the prices and patterns on the indicator to learn about those points.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

This is my favorite setup:
Reliability, Renkoizer, RSI with Moving Averages
Reply
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