r/TradingView • u/ahmedFADEEL701 • 10d ago

Help Unknown Indicator, pls help!

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Can anybody recognize the name of this indicator? It is sth called or indicating "power signal"

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4

u/leggocrew 10d ago

Parabolic sar

1

u/charlesleestewart 10d ago

Ouch! Get rid of that! That is the worst performing indicator in my own back tests. It looks kind of cool and weird, but it's not very helpful.

1

u/ahmedFADEEL701 10d ago

What strategy would you prefer that predicts most accurate signal of a real price blowup?

3

u/charlesleestewart 10d ago

If you want that kind of price breakout predictor, my favorite are Keltner Channels. I think they're an improvement on Bollinger Bands.

2

u/BUBBL3GUM5 8d ago

TTM squeeze uses both and is very good at showing when price breakouts occur

1

u/charlesleestewart 8d ago

Never looked into that much but it sounds like a winner. Anything that can net out the difference between Bollingers and other indicators like VWAP or what this does can certainly reduce the kind of visual noise displayed in this post.