This is an indicator I was developing over the last year. Over some extreme testing and good test results. I am confident to add this to the pool of my indicators.
Yes, this is a protected script. Contains some intensive research.... and every value here is manipulated to fit a general context. Therefore, treat this just like any of my indicator.
If you want to know further about how i use. comment below......
This can be used to verify your probability for the bounce. Soon, I will release the indicator with the estimated probability values, should be able to subscribe. The bar color just means, the instrument is 60% probable for a bounce. Ofcourse, higher the better, when you see the actual values (based on the one I am about to release). You can have a confidence behind your pullback trades.