GomBang displays double/multitop levels on the chart, with the unique ability to merge the levels from multiple charts and timeframes.
For instance, if it is displayed on 5 minute, a 4 range and a 800 tick chart, then the 5 minute chart will display double/multitop levels from the 5 min, the 4 range and the 800 tick.
The number in parenthesis next to the price levels is the number of times the price has been touched (if greater than 2)
When true, the chart publishes its GomBang levels to the other charts.
The indicator will automatically compute a name for the chart's levels, like 5M for 5 min or 4R for 4 Range. This name can be overriden with the parameter.
Setting the parameter to empty will reenable the default naming scheme.
When true, the indicator will plot the levels published by the other charts.
If true, the chart will plot its own levels and the levels published by the other charts.
If false, it will only plot levels from the other charts
If true, bar high/low will be considered for a multitop only if they are at the edge of a wick (ie different from open and close). This tends to show price has been already rejected by the top/bottom.
When this setting is true, one tick is added above the double top or below the double bottom to show the price of an actual breakout
When true, historical GomBang levels are displayed
If true, the line connecting all the tops will be shown.
If false, only the price levels are shown
If true, GomBang levels prices will be displayed as text.
If true, potential GomBangs levels will be plotted while the bar is still not closed.
If the current bar makes a high or a low that is matched with another previous high or low, then it can be considered as potential GomBang Level, ie if the bar closes with the same high or low, then the level becomes valid.
While it is still potential, level is plotted using a dotted line and italics font.
0-255 number setting the intensity of the color painted behind the text of the price values.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment.
Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading View Full