Phoenix 1.391 — Indicator by WyckoffMode

This is a modified version of Phoneix 1.118 with different inputs and additional Relative Strength Index (RSX). It also measures pressure of different HOT (Red Dot - Upward Pressure) or COLD (Blue Dot - Downward Pressure) values. It may be better suited for higher time frames but we will see.

If you are new to trading and do not know how to even setup a chart, you may want to watch the following video in which I explained setting up with Phoneix 1.118 and Phoenix ARI 1.07 "merged" with Stochastic RSI. However, Phoneix 1.391 is not in the video but the video should be suitable enough for you to get an idea of what to do to get it on your chart if you are new to charting.

By the way, you may need to refresh your browser after an "invite" in order to see this indicator in your "Invite-Only Scripts."

Here's the video:

New to Technical Analysis??? WATCH THIS... CHART SETUP...

10:03

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 WyckoffMode 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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.