This indicator is designed for scalping potential tops and bottoms.
The areaTH parameter acts like a quality filter. The highest this value the less signals you will get.
The RSI filters are there to prevent attempting to find bottoms in areas that are not oversold overbought.
The Teddy signal is the original but I also included Teddy 2 that waits for a divergence as confirmation.
In some cases this can be a better idea as an entry but in some others the original would be the perfect entry.
The indicator uses a combination of RSI , BB, and MA.
The indicator uses a combination of RSI, BB, and MA.
It supports alerts and its backtestable. Teddy and Teddy 2 signals are independent for alerts and for backtest stream.
The indicator will be available to all Observer and higher tier members.