Stepftvcprdl
Previous  Next

StepFTVCPRDL_v2 stands for Step Fisher Transform Value Chart Past Regression Deviated Logarithmic. This indicator is really amazing.

StepFTVCPRDL_v2 can be used for many purposes :
- to know the trend :
    when the cyan line is above the magenta line = up trend
    when the cyan line is below the magenta line = down trend
- to know when the price will bounce :
    you will notice that the orange line often bounce on the cyan and magenta lines
- to know when the market is overbought/oversold
    when all the 3 lines are <= 20 = strongly oversold
    when all the 3 lines are >= 80 = strongly overbought
- it also gives great signals with Fibo fans or Andrew pitchforks

Try it, you will love it !