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BloodInTheStreets

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BloodInTheStreets is a Momentum Indicator derived from MikeTyson. It signals OverBought (OB) and OverSold (OS) condition in the Price Scale.

The indicator draws a OB/OS cloud. It signals OB/OS condition when price enters or goes beyond the cloud.
If price is:
  • In Between the Cloud: No man's land
  • Inside the Upper/Lower Cloud: OB/OS
  • Beyond the Upper/Lower Cloud: Strong OB/OS (very usual in crypto currencies)


It also includes a feature to draw a helper line to place your Stop Losses (SL).
The SL line is placed beyond the OB/OS cloud, at a point where there's a very low probability that could be taken by Market Makers Washouts.


Additionally, the indicator could be customized by:
  • Show/Hide Cloud
  • Cloud Factor: To fine tune the OB/OS levels according to the characteristics of each market


The indicator needs at least 180 history bars to determine OB/OS levels.

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