INVITE-ONLY SCRIPT

[KRONOS] Gamma Strength

Description

This indicator's main component is the signal line which represents a very responsive market strength value calculated from real time data and normalized into a range (0 - 0.5 - 1). Indicator is using Stochastic and RSI functions to get raw value filtered through a linear regression, helping users predict imminent market directions. Lastly, this value oscillation is converted into a range to notice overbought and oversold zones at a quick glance.

It includes

Divergence. Indicator plots R for regular divergence and H for hidden with minimal possible delay which can be used to notice irregularity in the market.
Extreme overbought and oversold areas. Colored background extreme areas are showing points where a reversal is approaching.

How to use?

Buy/Long when the indicator line goes out of the blue/oversold area.
Sell/Short when the indicator line goes out of the red/overbought area.

extra tip: you can use the zero line and overbought/oversold zones as either a take profit or an entry area.
Bitcoin (Cryptocurrency)Ethereum (Cryptocurrency)forecastforecastingForexOscillatorsregressionsStockstrading

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact kronos-algo for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

To learn more, feel free to visit: kronos-trading.com/indicators-details

Want to use this script on a chart?

Warning: please read before requesting access.

Learn more at: kronos-trading.com/indicators

Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Also on:

Disclaimer