I was inspired by NILX's "Tool: Chop & Trade Zones". This can used as an element for trading system control.
Function
I use my own customized algorithm to replace that core of NILX one, which is targetting to provide smoother and trend for chop and trend judgement. Since it is quite differnt now but an oscillator within range of 0~100. The pro is it can use the contstant threshold values for all time frames and all trading pairs now.
Remarks
Feedbacks are appreciated.
Versionshinweise
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make the plot line change color according to sentiment
You are awesome, thank you so much. I just spent hours changing the 30 colors to 3 simple ones (red, green, neutral) , I saved it, and they just changed back to 30 colos lol. What did I do wrong? Can I make the new colors just green, red, grey?
Lower_Fox
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Well done sir. Using this indicator as a roadmap produces impressive results during back testing when you have agreement with volume and momentum indi's. I use confluence of Volume Pressure Analysis, Elder Force Index, Impulse Oscillator, and Sigma Spikes in your bullish and bearish zones for defined 1m scalps on /MES. Success rate nears 100% when scalping a quick handle. Thanks for your efforts.