Bottoms Tops Signal
The Bottoms Tops Signal is a powerful TradingView indicator that aims to get the maximum out of the market by spotting its Bottoms and Tops as soon as they form. It gives you a simple graphical indication when a new market extreme is detected and, even more, it can differentiate between Low, Medium, and High probability signals.
With the Bottoms Tops Signal you’ll never be “too late” again because you’re already in when the big action occurs.
What’s new in the latest version?
The latest version brings bottoms and tops classification by probability. In particular, the indicator now shows:
- High Probability Bottoms/Tops
These signals have an extremely high probability of being bottoms/tops and the majority are also major ones.
They are represented on the chart by bright arrows with a star symbol.
By default, they are displayed. - Medium Probability Bottoms/Tops
These signals have a moderate probability of being bottoms/tops and a significant percentage are also major ones.
They are represented on the chart by darker arrows.
By default, they are displayed. - Low Probability Bottoms/Tops
These signals have a lower probability of being bottoms/tops with respect to the others however, there are some which are still major opportunities.
They are represented on the chart by dark empty arrows.
By default, they are NOT displayed.
Depending on your preferences, you can always customize if and how the signals get displayed in the indicator’s Settings.
Best with…
The Bottoms Tops Signal is typically combined with the RSI Exhaustion, but can also be used in combination with almost any other indicator.
Do you have tutorials?
Here are some resources:
• You can read this article in our Blog.
• You can watch this playlist on our YouTube channel.
Note: both the article and the YouTube videos are based on an older version of the indicator. The current version adds support for high/medium/low probability bottoms and tops.
Which timeframe is best?
All our TradingView indicators, including the Bottoms Tops Signal, automatically self-optimize depending on the selected timeframe thus it is suitable for scalping, day trading, swing trading, and position trading.
Which asset class is best?
All our TradingView indicators, including the Bottoms Tops Signal, automatically self-optimize depending on the selected asset. Commonly traded assets include forex, crypto, stocks, commodities, and more.
Does it repaint?
The Bottoms Tops Signal works in real-time on your TradingView chart and the signals are confirmed at the close of the next candle. Once confirmed they never repaint.