kvak wrote: Mon Nov 28, 2022 2:41 am madx as request
Make two version, non smoothed and smoothed.
Some averages is not good for this calculation, you may try experimenting with periods.
Indicator is in MTF, have arrows and alerts...

Beauty. Thank you for the quick turn-around!

Just a preview of what these indicators look like on traditional and Renko charts:



I still have a very long way to go with optimizing this indicator for the best entries and exits. But I'm positive I am on the right track towards discovering something useful for scalping the US indices.

I may request more features in the future. I have a lot to experiment with and it's possible separate indicator settings may be best for separate instruments and separate timeframes, so that request won't be any time soon.

Hopefully someone beside myself can derive value from this unknown indicator.