Climax (Expo) indicator is designed to detect escalated trading and sharp price movements. Climax occurs from the last rush of investors who buy into a rising market or sell into a declining market. In both situations, a climax usually signals the end of a strong or market trend.
The investor has the ability to adjust the sensitivity of the climax as well as the length of the being included in the calculations. Longer length means that the indicator detects bolder climaxes.
HOW TO USE
1. Use the indicator to detect Climaxes
Combine the indicator with ‘Exhausted (Expo)’
INDICATOR IN ACTION
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
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!
- Improved calculations for better accuracy.
- Levels are added.
- Alerts added.
It's now even easier to keep track of Volume Climax Levels.
- Breakouts from Climax levels added.
- Alerts added.
Access my indicators at: http://zeiier-man.com
Master List: https://1drv.ms/w/s!AieB89nHkQXVa2j_ZCKpATEp1T0?e