A slighty modified version of Better Bollinger Bands. The idea of the experiment was to do a thing like the well-known Vortex Indicator, but an overlay:
I LOVE this indicator. Obviously, it isn't magical and won't make trades for you or anything... But, I find it to be absolutely fantastic at confirming trades when I'm planning on them. It gives me more confidence in my trades, having patience during a pullback, etc. It is imperative to check different timelines when verifying movement as the tool can give you a bit different information on each one. I use the following settings: 10/2/hlcc4/0/1.
Quite good, lately I've been intrigued by these bottom indies getting utilized on the main chart somehow, this would be a great thing to test as well. Thanks!