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MEO Reversal and Alert
Hello; This indicator offers a suite of diverse analytical features. These features are typically triggered in unusual overbought and oversold conditions and are primarily used to identify excessive buying or selling and for general monitoring in suspicious cases.
Below is a general overview of the various features of this indicator:
You can set alert conditions for each feature.
The inspiration for this indicator came from the idea of making a few indicators easier and faster to use together. Instead of tracking three basic indicators as shown in the image, I thought it might be more straightforward to follow the Reversal indicator. I imagined this could generally be a handy tip-off indicator and wanted to share it with you. Please write if you have any questions or if there's something you'd like to ask.
However, remember that this should not be considered as investment advice and should not be used for direct buying or selling operations. Each trade is under the individual user's responsibility.
For frequently asked questions, you can check the TradingView support page here: tr.tradingview.com/support/solutions/43000590947/
Below is a general overview of the various features of this indicator:
- RSI Overbought and Oversold Zones: This feature determines whether the RSI is in the overbought or oversold zones.
- RSI Peak and Trough Points: Identifies the peak and trough points of the RSI.
- Stoch RSI Peak and Trough Points: Identifies the peak and trough points of the Stoch RSI.
- MACD Peak and Trough Points: Identifies the peak and trough points of the MACD.
- MACD Overflow Points: Detects the overflow points of the MACD.
- WaveTrend Reversal Points: Identifies the reversal points of the WaveTrend.
- Money Flow Index (MFI) Potential Reversals: Determines the potential reversal points of the MFI.
- Z-Score Outliers: Identifies the deviation points of the Z-Score.
- Momentum Reversal Points: Identifies the reversal points of Momentum.
- SR Support Resistance Breakouts: Determines the breakout points of support and resistance.
- Rate of Change (ROC) Rapid Price Change Points: Identifies the rapid price change points of the ROC.
You can set alert conditions for each feature.
The inspiration for this indicator came from the idea of making a few indicators easier and faster to use together. Instead of tracking three basic indicators as shown in the image, I thought it might be more straightforward to follow the Reversal indicator. I imagined this could generally be a handy tip-off indicator and wanted to share it with you. Please write if you have any questions or if there's something you'd like to ask.
However, remember that this should not be considered as investment advice and should not be used for direct buying or selling operations. Each trade is under the individual user's responsibility.
For frequently asked questions, you can check the TradingView support page here: tr.tradingview.com/support/solutions/43000590947/
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Disclaimer
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