OPEN-SOURCE SCRIPT
Logistic Critical Mass Crown Indicator
The script Logistic Critical Mass Crown Indicator is an indicator which uses a logarithmic function to look for and identify strong price trends and supports prior to exhaustion. It looks for critical mass building in uptrends via a log function. The areas of increasing support are marked with green crown, with solid support areas being displayed as orange. Orange provides confirmation of the green uptrend.
This is an educational indicator meant to be used as a strategy to maintain gains prior to downward price gaps.
Proverbs 3:9
"Honor the Lord with your wealth and the best part of everything that you produce."
This is an educational indicator meant to be used as a strategy to maintain gains prior to downward price gaps.
Proverbs 3:9
"Honor the Lord with your wealth and the best part of everything that you produce."
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.