ionone wrote: Sat Jun 29, 2024 6:33 pm an indicator I just made.

it sums up the difference between high0 and high1 if high0 > high1
and normalizes the total using ATR

the same for the lows

a cross of the yellow line over the red line indicates a strong possibility of bullish trend, also a high value (close to 1) indicates a strong trend

screenshot.637.jpg

A unique code you've shared here which I've been playing around with today.

On the chart I've marked levels:

• 0.7
• 0.3

As the red Oscillator line (pink in my screenshot) passes the outside the 0.7 level it seems to be be a good indicator of choppy price movement. Have you seen this? Could be used as a good filter for ranging markets.