Pocket Pivot Breakout Indicator The pocket pivot breakout indicator will show a blue arrow under the candle if both the following conditions are met: 1. The percentage change of the candle on that day from open is greater than 3%. 2. The volume on the day of 3% candle is higher than the highest red volume in the past 10 days. The second condition is based on the...
Golden Pocket This marks up the fibonacci retracement levels of 0.65 and 0.618 by default, these levels are often referred to as the golden pocket. They are known by this because when price has an impulse either to the up or downside, price will end up retracing at some point. This Golden pocket often lines up with other means of confluence where it's considered...
Volume with color helps to quickly identify accumulation or distribution. An accumulation day is an up day with volume greater than a user selected average. A distribution day is a down day with volume greater than a user selected average. This indicator will highlight those days by changing the volume bar colors for an easy visual.
HISTORY AND CREDIT –––––––––––––––––––––––––––––––––––––––––––––––––––– This indicator combines all that I have found useful throughout the years about volume analysis. Shoutout of people, whose rules I have used to make the indicator goes to: Mark Minervini, William O'Neil, Gil Morales, Dan Zanger, David Ryan WHAT IT DOES ...
HISTORY AND CREDITS––––––––––––––––––––––––––––––––––––––––––––––––––––––– The credit for this goes to Gilmo - Gil Morales. Who I have learned the methodology from. If you are looking to understand more, just read his books where he covers many aspects of his IBD inspired trading. Hes a disciple of Bill Oneil. WHAT IT...
0.65 -0.666 Fib levels or commonly know as the CC pocket Marks Strong Support/Ressitance, Use with conflunce. Lookback Length is adjustable Let me know any suggestions or ideas which could help improve
Pockets Pivot were introduced by Gil Morales and Chris Katcher in the book "Trading like an O'Neil Disciple", Pocket Pivot day occurs when the Volume has been higher than any down day 10 days prior and with a positive close. Here is shown 5 days Pocket Pivots and 10 Days Pocket Pivots
From Gil Morales and Chris Kacher (O'Neil's disciples). Designed to find buy points in bases and continuation buy points in an uptrend. The volume today must be greater then the maximum down volume of the past 10 trading days. Recommended to use in conjunction with the 10 day and/or 50 day moving average. Typical use : Scan for pocket pivots. Is stock strong...