The indicator is a basic implementation of NimblrTA
It includes the following indicators
1) Strength Candle Identification Body height/Candle height ration > 50% indicates candle is unidirectional and has strength
On a 5 minutes chart, 2 strength candles form a breakout When combined with CCI 34 30 crossing 100 along with strength candles for Breakout with momentum and entries can be made with CCI 8 5 < -135
2 strength candes at the bottom form bottom confirmation 2 strength candes at the bottom forop of the chart indicates a top confirmation
2) Parabolic Sar pSAR gives the earliest signal for reversal, if the pSAR changes it's trend it indicates that the reversal is in progress
pSAR indicates CCI 34 5 mins crossing 60 / -60
3) Zig Zag Indication
The ZIgzag indicator helps you identify the waves and overlaps. These are used to identify Binet's formation, HH, HL, LL and LH.
4) Multi Time Frame In NimblrTA we primarily use:
CCI 8 5min is used for timing Entry and Exits.
If CCI 8 is lesser than -135 we Enter Buy Trades. If CCI 8 is greater than +135 we Enter Sell Trades.
CCI 34 30min (Red) is used to ascertain Direction of Trade.
If CCI 34 30min (Red) is greater than +100, the trade must be a Buy Trade. If CCI 34 30min (Red) is lesser than -100, the trade must be a Sell Trade.
CCI 34 5 mins is used to assess the power of the breakout CCI 34 5 mins is used to assess reversals and pullbacks
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This script is published closed-source and you may privately use it freely.
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