C
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This is a variant of the famous Cumulative Delta function.
- The indicator is designed to spot trends, give a sign when it’s rewarding to buy pullbacks and indicate when the market is overbought or oversold.
- The indicator oscillates between the Top- and the Bottom- line. If the Candlesticks are above the midline, we have a positive trend, if the Candlesticks are below the midline, we have a negative trend.
- The Signal-line is responding to every relevant price move in the market. The signal-line indicates overbought and oversold areas as well as when it’s good to buy pullbacks in trends.
- The Confirmation -line smooths out the values of the candlesticks and serves a confirmation-line of the current trend.
This indicator is perfectly combined with Parametric Oscillator (Expo).
HOW TO USE
1. Use the indicator to detect a trend or to stay in the trend.
2. Use the indicator to buy Pullbacks in trend.
4. Combine it with the indicator Parametric Oscillator (Expo).
INDICATOR IN ACTION
BTCUSD
WALL STREET
GOLD
BRENT
EURUSD
RENKO CHART
BTCUSD
EURUSD
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
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