V2 of previous CFC, added optional bull/bear squeeze.
squeeze can get a bit messy on extremely oversold/overbought markets like currently USDJPY in 1 hour timeframe, or any currency on low time frame during high volatility.
Versionshinweise
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Update for V5: Channel centered around the cumulative average price(CAP) and using the average difference of high/close/low CAP's to generate a action zone over the Price Action(PA), so that PA can be assimilated faster. --- Note: this works better on ranging markets, as a strong rising trend tends to stay above average and falling trend tends to stay bellow average. there's a bit of a mental process to assimilate that.
I love this indicator, I use for binary options, work for 1 candle when outside of the levels (the tails). Thanks Ricardo for the work done. There is the possibility of writing this indicator for MT4?
With love from Russia))))
RicardoSantos
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np, glad you like it.
i dont code for mt4, but your free to do it or contract someone to do so.