True High / True Low

––––History & Credit 📚
👩‍🏫 This indicator is inspired by a recent video from Allison Ostrander from Simpler. Just like Black Friday deals, traders look to grab a bargain, however the line is thin between getting a good deal and bottom fishing. Allison teaches that if you wait for a move to confirm it might be too late or worse getting in at the highs before the trend falls apart. The True Low finds the best discount price to jump in on the trade before a bullish run would start to occur.

 

What more?

⭐️ We created the True High - this suggest price action pattern of topping action. If you trade the short side True High is a great indicator to have in your arsenal.

–––––What it does ⚙️
The indicator uses combination of 4 indicators. RSI , MACD , Full Stochastic , Divergent Bars and some magic 😉The methodology makes a single indicator to confirm the places where you can jump in!Separate those indicators are weak, they present a lot of noise and fake signals.

–––––How to use it 🧠
1️⃣ For True Low:

• Look for Signal 1 to print. This is represented by Cyan/Aqua square. This is the most aggressive place where you can jump for a trade to the upside ( aka long)⬆️.
• Look for Signal 2 as a confirmation for the great buy place. This is represented by the Blue square. This is the moderate place where you can jump for a trade to the upside ( aka long)⬆️
• Look for Signal 3 as a third confirmation of a bargain price. This is represented by the Red arrow up above the blue/aqua squares. This is the most conservative place to jump for a trade to the upside ( aka long) ⬆️

2️⃣ For True High:

• Look for Signal 1 to print. This is represented by Yellow square. This is the most aggressive place where you can jump for a trade to the downside ( aka short)⬇️
• Look for Signal 2 as a confirmation for the great place to short or take profit. This is represented by the Orange square. This is the moderate place where you can jump for a trade to the downside ( aka short)⬇️
• Look for Signal 3 as a third confirmation. This is represented by the Green arrow down below the yellow squares. This is the most conservative place to jump for a trade to the downside ( aka short)⬇️

🔱 Pro tip: You can combine both the True Low and True High. Enter long when the chart prints a red arrow in the True Low. Exit when the chart prints a green arrow in the True High.🔱
 

For Tradingview:

After you have purchased the indicator have to send us your TradingView username in order to get access.

Link to TradingView script

After payment is made, access to the script will be given within 2 hours

If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.