INVITE-ONLY SCRIPT
Rainbow Technometer - Multi Timeframe [WYCKOFF ARSENAL]
🌈 Rainbow Technometer - Multi Timeframe WYCKOFF ARSENAL
The purpose of the Technometer is to provide a mathematical indication of the degree to which the market is overbought or oversold.
The value of the Technometer could be as high as 100 or as low as 0. The other possible values would represent degrees of overbought or oversold.
In Rainbow form, the Technometer could also be used as a trend-following indicator.
The Rainbow Technometer can be used on any available timeframes and assets with volume data.
It is a combination of Technometer instances of different lengths that are plotted on the same chart.
The confluence zones can hint at a price reversal and help estimate the trend strength.
The Rainbow Technometer can be combined with other technical analysis tools as a trend-following indicator.
When the trend is strong and the other indicators used to determine entry points send a bullish or a bearish signal, a position can be opened.
When the trend is weak, opening new positions should not be to consider.
The Rainbow Technometer can also be used on its own. The angles of the Rainbow will hint at the trend strength.
The steeper the curve, the stronger the trend. The flatter the curve, the weaker the trend.
A Buy position can be opened in the beginning of a strong positive trend.
A Sell position can be opened in the beginning of a strong negative trend.
During a strong trend, short-lived retracements can be found, and it is possible to enter a position in the direction of the general trend against the retracement.
The Rainbow mode can be experienced with the Multi RSI indicator as well.
Related tools:
▪ Optimism Pessimism
▪ Force
- 🌈 Rainbow Force
▪ Technometer
- 🌈 Rainbow Technometer ◄
▪ Momentum
- 🌈 Rainbow Momentum
▪ Market Screener
The purpose of the Technometer is to provide a mathematical indication of the degree to which the market is overbought or oversold.
The value of the Technometer could be as high as 100 or as low as 0. The other possible values would represent degrees of overbought or oversold.
In Rainbow form, the Technometer could also be used as a trend-following indicator.
The Rainbow Technometer can be used on any available timeframes and assets with volume data.
It is a combination of Technometer instances of different lengths that are plotted on the same chart.
The confluence zones can hint at a price reversal and help estimate the trend strength.
The Rainbow Technometer can be combined with other technical analysis tools as a trend-following indicator.
When the trend is strong and the other indicators used to determine entry points send a bullish or a bearish signal, a position can be opened.
When the trend is weak, opening new positions should not be to consider.
The Rainbow Technometer can also be used on its own. The angles of the Rainbow will hint at the trend strength.
The steeper the curve, the stronger the trend. The flatter the curve, the weaker the trend.
A Buy position can be opened in the beginning of a strong positive trend.
A Sell position can be opened in the beginning of a strong negative trend.
During a strong trend, short-lived retracements can be found, and it is possible to enter a position in the direction of the general trend against the retracement.
The Rainbow mode can be experienced with the Multi RSI indicator as well.
Related tools:
▪ Optimism Pessimism
▪ Force
- 🌈 Rainbow Force
▪ Technometer
- 🌈 Rainbow Technometer ◄
▪ Momentum
- 🌈 Rainbow Momentum
▪ Market Screener
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系KryptoNight。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Join the Discord Server for more info about the published tools.
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系KryptoNight。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Join the Discord Server for more info about the published tools.
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。