Introduction This indicator is inspired from the mass index indicator with the goal of telling the user when a trend is about to stop thus highlighting potential reversals. The Indicator When the indicator cross under the trigger line the trend is about to stop and may reverse, shorter length will spot shorter terms reversals but a length of 100 is a good value.
What I don't like about the CMF indicator is that it can be very choppy. That's why I created the Filtered Chaikin Money Flow. I don't know if someone else already had the same idea but I think it improves the indicator.
This script identifies stress points in the major exchanges, recommended use in 1h.
Use net volume to find areas of reversal. This is not meant to be used on its own, and requires others tools, but it is helpful in identifying possible points of entry. Area's with lots of market participants could signify a reversal, depending on the positions entered. Edit the source code to suit the currency pair you are trading.
This is an extended version of the HawkEye indicator by LazyBear. I just added a sma to use as a filter.
Support and Resistance Levels for 3 time frames, based on volume at fractal levels Original script is thanks to synapticex I have just migrated to version 3 and heavily modified it