Avermis River

The Avermis River indicator uses several components to identify trends, strength, and potential trading signals. Key components include the River lines (Blue, Brown, Gold) and the Clock Reading.

The Clock Reading and Instrument Strength

The Clock Reading indicates the slope of the Blue River and identifies the strength of the instrument.

• 2 o'clock or higher (up to 12 o'clock): Signals an uptrend with increasing strength as the reading approaches 12 o'clock.
• Between 2 and 4 o'clock: Signals a distribution phase (more volatile sideways market).
• 3 o'clock: Points to a slow, rangy market.
• 4 o'clock or lower (down to 6 o'clock): Signals a downtrend with increasing strength as the reading approaches 6 o'clock.

In general, the clock reading identifies when a trend is strengthening or weakening.

Identifying Trading Signals

The system generates four primary types of signals: River, Alignment, and Exit (both Bullish and Bearish).

1. River Signals (New Trend Identification)

River signals often suggest new positions and are visually marked by a green (bullish) or red (bearish) arrow below the generating candle.

Bullish River Signal (Suggests new long positions and exit of shorts):

1. Condition 1: Price moves above Blue River.
2. Condition 2: The Brown and Gold rivers separate, creating a gap known as the White River.

• Entry: Activated above the recent high where the signal was generated or after a corrective wave.
• Stop Loss: Can be placed below the Gold River.

Bearish River Signal (Suggests new short positions and exit of longs):

1. Condition 1: Price moves below Blue River.
2. Condition 2: The Brown and Gold rivers separate, creating a gap known as the White River.

• Entry: Activated below the recent low where the signal was generated or after a corrective wave.
• Stop Loss: Can be placed above the Gold River.

2. Alignment Signals (Trend Continuation/Reinforcement)

Alignment signals suggest continuation and often reinforce short-term trend following positions.

Bullish Alignment Signal (Suggests new long positions):

1. Condition 1: Strong uptrend identified by a bullish White River.
2. Condition 2: A downwards corrective wave closes inside the Blue or Brown River.
3. Condition 3: A bullish reversal candle closes above the Blue River.

• Entry: Activated above the recent high of the candle that generated the signal.
• Stop Loss: Can be placed below the Brown River.

Bearish Alignment Signal (Suggests new short positions):

1. Condition 1: Strong downtrend identified by a bearish White River.
2. Condition 2: An upwards corrective wave closes inside the Blue or Brown River.
3. Condition 3: A bearish reversal candle closes below the Blue River.

• Entry: Activated below the recent low of the candle that generated the signal.
• Stop Loss: Can be placed above the Brown River.

3. Exit Signals (Trend Weakness)

Exit signals indicate weakness in the current trend and suggest closing existing positions.

Bullish Exit Signal (Suggests exiting long positions):

1. Condition 1: Strong uptrend identified by a bullish White River.
2. Condition 2: Clock angle turns from uptrend to neutral.

• Exit: Activated below the low of the candle that generated the signal.

Bearish Exit Signal (Suggests exiting short positions):

1. Condition 1: Strong downtrend identified by a bearish White River.
2. Condition 2: Clock angle turns from downtrend to neutral.

• Exit: Activated above the high of the candle that generated the signal.

Indicator Management and Settings

The indicator settings allow for customization of parameters, visualization, and the Monitor Panel.

To access settings: Right-click on the chart, select "Indicator List," choose the Avramis River indicator, and click "Properties."

Monitor Panel and Time Frames

• The Monitor Panel outlines all active signals across enabled time frames.
• Time frames can be activated or deactivated from the top of the Monitor Panel.
• All six time frames displayed on the Monitor Panel can be individually adjusted via the drop-down menu in the Inputs tab.
• The dimensions (height, width, and column width) of the Monitor Panel can also be adjusted.

Indicator Parameters

• Indicator Depth: Refers to the number of candles the indicator is visible on (e.g., input of 25 means the river is visible across the last 25 candles).
• Signal Duration: Refers to how many candles the signal arrow remains visible after generation (e.g., input of 2 means the arrow is removed two candles later).
• Further adjustments can be made to the river parameters (periods, shift, color settings).
• The visualization of the river lines can be adjusted through the Type of Graph option.
• The Clock Skin setting allows different color clocks based on the background color.

Scanner Mode (Advanced Version)

The Scanner Mode can be enabled at the top of the settings list (available in the advanced version).

• When enabled, the indicator scans all securities visible in the Market Watch window.
• It identifies all active signals across the enabled time frames.
• Clicking the envelope icon next to a signal switches the chart to the signal's time frame and provides further information in the Monitor Panel.