Hello dear @kvak.
I had an idea for a new indicator, and the attached file is what I managed to create with AI. I think it could be really useful for detecting exhaustion and possible major reversals.
Now all I need is those magical fingers and that brilliant brain of yours to turn this baby into a true beauty for all of us!
I'm pretty sure pre-smoothing on both the SDI values and the Z-score could help a lot. On the other hand, post-smoothing doesn't seem necessary, as it only adds lag to the signals.
I also think those magical levels you use—especially Morse Density or Pivot levels—could be a great addition to this one.
I hope this catches your interest.
Best regards and many thanks for your time and efforts.
