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The proposed indicator aims to measure the degree of variations of individual up-trends and down-trends in the price, thus allowing to highlight the direction and amplitude of a current trend.
This version of Bollinger Bands contain 3x components, in standard deviation ranges (1, 2, 3); and the levels from Mean with period of 200, acting as support and resistance, also try to identify intensity of trend
The idea is from video: youtube.com/watch?v=GmbGLZk9eDY
Open Oscillator indicator calculates Open price change dynamics for a specified period of time, with minimum and maximum Open prices for the range, relative to the current values, as well as two exponential smooth components.
This indicator is based on "Ichimoku", and with its additional and useful features, it can help traders to get the right positions and help analysts to have an accurate analysis.
Additional features used in this indicator are:
It has two extra KijunSen that user can adjust the period and properties of their lines.(eg 103 and 207)
It has a QualityLine and DirectionLine, which is the same KijunSen that shift 26 Candle to the front and back.
Using these two lines can be a great help in Trading and analysis.
There is a separate "KijunSen" and "TenkanSen" With different settings for shifting forward or backward to the user's desired number
Adjust and modify the Kumo and Chikou and TenkenSen and extra KijunSen and QualityLine and DirectionLine shift to the desired value.
Adjust and change the color of the Kumo.
Show the maximum and minimum Price lines for Last month on the chart.
These two lines are very powerful and strong resistance and support.
All features above have the ability to enable or disable, And the user can change their properties, such as color, thickness and type of lines.
Polychromatic Momentum Extended indicator
Denis Meyers that invented Polychromatic Momentum, describes it as:
Momentum is defined as the difference, or percent change, between the current bar and a bar some lookback period in the past. The major problem with using momentum based indicators is that the optimum lookback period seems to change over time creating losses with the current chosen lookback period.
To avoid the errors due to a single lookback period we create an indicator that takes an weighted average of all significant lookback periods for the tradable. We named this indicator polychromatic because poly means many and chromatic means colors. Thus, Polychromatic Momentum for this indicator translates into the sum of many Momentums.