theCrypster

Chop & Trend

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Chop & Trend
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A handy little indicator illustrating not only areas of Chop or "flat" market conditions, but also to indicate the start of a new trend and the new trend's direction.

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Using just a few algorithms to indicate the aforementioned ( RSI , Jurik Moving Average and Angle of MA) we've tried to keep it simple as we believe adding too many variables can only degrade a good indicator, and not enhance it, as many would lead you to believe.

There's a few settings to play with regarding Relative Strength , Jurik MA and the ability to set an angle to determine when chop/trend starts or ends.

Good Luck and Happy Trading!
-theCrypster
Versionshinweise: UPDATE -
- Tidied code and added comments for better clarity
Geschütztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?
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