Range Bound Channel Index - is an overall sum of all main market cycles.
Range filter parameters are selected from the current market spectrum.
In simplified formula RBCI (k) = FATL (k) - SATL (k).
RBCI is a quasi-stationary process that is a process with bound spectrum.
When RBCI approaches its local maximum the prices approach the upper border of the trading channel
and when RBCI approaches its local minimum the prices approach the lower border of the trading channel.
FATL = Fast Adaptive Trend Line
SATL = Slow Adaptive Trend Line
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