- Calculates the **Bollinger Bands** ๐ based on the Simple Moving Average (SMA) and the standard deviation of the closing price.
- Calculates the **Keltner Channels** ๐ using a moving average and either the true range or the range between highs and lows.
- Then, the indicator measures **momentum** โก by calculating the difference between the current closing price and the average of recent highs and lows, displaying a **histogram**:
- **Green** for positive momentum ๐.
- **Red** for negative momentum ๐.
This histogram helps visualize the strength and direction of market movements, making it easier to spot potential trends or changes in market dynamics.
๐ฅ Pinescritlabs
Ctrader Store indicators: ๐คPinescritlabs Ctrader Store cBots:
Fair Value Gap Sessions Gold & BTC Breakout Session Pivots(new)
Dynamic Market Structure
Analysis of Turning Points
Fibonacci Linear
Regression Multi-timeframe
Multi-Level Candle Bias
Tracker
Auto Support and
Resistance Trend Lines
5 | 100 % | |
4 | 0 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
