Boom And Crash Shockwave Detector
Indicator was designed by TwistedTrading.
100% Non Repainting with alerts.
Different arrows signal sell to catch crash spikes.
Different arrows signal buy to catch boom spikes.
Please see examples in the attached screenshots.
Works on all Boom and Crash indices.
Colors of arrows can be changed to suit your charts.
To disable some of the signal. Switch the color of signal no nothing.
I Have Added a few new Options:
RSI and True average range can be changed on both crash and boom
On Crash:
Overbought 0
Overbought 1
Overbought 5
Overbought 10
Overbought 50
On Boom
Oversold 100
Oversold 99
Oversold 95
Oversold 90
Oversold 50
The best Way to use the indicator is to add a 200 EMA. Check The trend.
Booms mostly happen when the market is in an up trend.
Most crashes happen in a down trend.
When Using the indicator don't buy against the trend.
The Indicator also give some spikes in consolidating/side ways market.
