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Dreadblitz

Depth Multiple Time Frame

Dreadblitz  
Trend Analysis Moving Averages depth reversalpoint reversalpattern pyramiding Bullish Patterns Bearish Patterns buysignal sellsignal
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trendanalysis movingaverage depth reversalpoint reversalpattern pyramiding bullish bearish buysignal sellsignal
The price always returns to the average !!!

An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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