- Calculates the **Bollinger Bands** π based on the Simple Moving Average (SMA) and the standard deviation of the closing price.
- Calculates the **Keltner Channels** π using a moving average and either the true range or the range between highs and lows.
- Then, the indicator measures **momentum** β‘ by calculating the difference between the current closing price and the average of recent highs and lows, displaying a **histogram**:
- **Green** for positive momentum π.
- **Red** for negative momentum π.
This histogram helps visualize the strength and direction of market movements, making it easier to spot potential trends or changes in market dynamics.
π₯ Pinescritlabs
Ctrader Store indicators: π€Pinescritlabs 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 % |
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