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AlphaShark Pullback Indicator
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This indicator flags potential entry opportunities for day trade setups using the Ichimoku Cloud. It is designed to signal an entry when bullish/bearish conditions are present and the market pulls back to its opening price. This indicator:
- Projects entry level onto the chart along with profit targets and stop loss level.
- Allows a trader to switch between aggressive and more conservative trading styles.
- Simple and easy to use for the TOS platform.
- Also projects a potential options trade onto the chart.
This is a great indicator for traders who want to flag opportunities for day trade entries on intraday pullbacks and can be used for both options and stocks!