This indicator plots the major points possible points of reversal in the market
Release Notes:
Updated Script To Conform With House Rules
How to use this indicator
This indicator uses 2 level stress detection setting to come up with points that are likely to reverse.
When the shapes are printed, the market is likely reversing or facing a stress in one direction and soon it is going to reverse to the opposite direction
Theory:
You have 2 tennis balls with different sizes. Before a tennis ball bounces back from the wall, it faces a compression and the size, material and speed affects the compression of the ball.
How to use this indicator
This indicator uses 2 level stress detection setting to come up with points that are likely to reverse.
When the shapes are printed, the market is likely reversing or facing a stress in one direction and soon it is going to reverse to the opposite direction
Theory:
You have 2 tennis balls with different sizes. Before a tennis ball bounces back from the wall, it faces a compression and the size, material and speed affects the compression of the ball.