- Avramis River
- Trend Identification
- Support and Resistance
Avramis River
- Avramis River is a visual identifications tool that can offer more information regarding market sentiment and clarity of price trend
- Used to scan through markets to spot trending opportunities or warn of ranging conditions
- Provides context to the price action and reflects support and resistance zones that can be used for trend following
- Used in combination with other technical tools and techniques for execution purposes
Avramis River - Design
- Three different parameters interpreted as one
- The Blue River : the anchor of the trend
- The Brown River : the volatility filter
- The Gold River : the delayed river
Avramis River - Interpretation
- Price action relative to the rivers
- Crossover of rivers
- Slope of rivers
- Distance between rivers
- Possible support and resistance levels
Avramis River - Uptrend
- Price above the blue river
- Blue river above the gold river
- And the rivers strongly upward sloping
Avramis River - Downtrend
- Price below the blue river
- Blue river below the gold river
- And the rivers strongly downward sloping
Avramis River - Range
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Avramis River - Weak Trend
- Lower tops and lower bottoms
- The weakness of the strength of the trend can be identified using the river
- In a weak trend, we expect to see the rivers mixing the price not remaining completely below the blue river
Avramis River - Bullish Reversal
- Prices inside the river implies weakness
- A close above the blue river indicates reversal
- Reversal in price makes the signal more reliable
- Further confirmation is given after the blue river crosses above the gold
- Appearance of the white river acts as a signal of strength and confirms the new trend
Avramis River - Bearish Reversal
- Prices inside the river implies weakness
- A close below the blue river indicates reversal
- Reversal in price makes the signal more reliable
- Further confirmation is given after the blue river crosses below the gold river
- Appearance of the white river acts as a signal of strength and confirms the new trend
Avramis River - Extreme Conditions
- The white river can also be used to warn of the first corrective wave
- The first appearance of the white river in a new trend signals an overbought/oversold state
- This warns of a potential corrective retracement usually towards the area of the blue river
Avramis River - Support
- The upper and lower boundaries of the blue river outline the area of Support in an uptrend
- Corrections from a strong uptrend can often find support inside the blue river
Avramis River - Resistance
- The upper and lower boundaries of the blue river outline the area of resistance in a downtrend
- Corrections from a strong downtrend can often find resistance inside the blue river
Avramis River - Conclusion
- A visual tool to help traders better understand the clarity of the trend
- Rivers can help us quickly scan through many instruments to see which trends are clearer than others
- It is critical to combine it with other technical tools to help traders in execution of trades
