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Dynamic Range MomentumI
Логотип продукта "Dynamic Range MomentumI"
5.0
03/09/2025
312
Desktop

- Calculates the **Bollinger Bands** 📊 based on the Simple Moving Average (SMA) and the standard deviation of the closing price.

- Calculates the **Keltner Channels** 📈 using a moving average and either the true range or the range between highs and lows.

- Then, the indicator measures **momentum** ⚡ by calculating the difference between the current closing price and the average of recent highs and lows, displaying a **histogram**:

- **Green** for positive momentum 📈.

- **Red** for negative momentum 📉.


This histogram helps visualize the strength and direction of market movements, making it easier to spot potential trends or changes in market dynamics.


🔥  Pinescritlabs
Ctrader Store indicators:                        🤖Pinescritlabs Ctrader Store cBots:

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Dynamic Range Momentum

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