Trade Tute – Options Writing for Intraday Trading

Trade Confident – Trend Exhaustion
Description
This TradingView indicator is designed to tell you when an uptrend or downtrend is exhausted and is due for a reversal. Although it’s not always 100% accurate, this indicator has helped me predict incredible drops and rises in price before they happen.
What will you learn?
HOW TO READ THE INDICATOR

When the white line (trend) moves into the top red zone, this means the uptrend is in the exhaustion zone and is normally due for a drop.
When the white line (trend) moves into the bottom red zone, this means the downtrend is in the exhaustion zone and is normally due for a run-up.

Note: This indicator also comes with alerts as shown in the video above.