Dip & Rip Patterns

This indicator detects Dip and Rip patterns by quickly highlighting them on the chart.

These patterns have become popular during the pandemic period mainly in the stock, ETF and cryptocurrency markets on which traders use two interesting strategies:

• Buy The Dip

• Sell The Rip

Before going into the merits of this technical indicator, let's understand what these two patterns mean and what they identify precisely. Rip (Rise In Price): wants to identify a market condition in which the price rises rapidly, for example from $100 to $110 in a few minutes or hours. Dip (Drop In Price): wants to identify a market condition in which the price drops rapidly, for example from $100 to $90 in a few minutes or hours.