1.Trend is Formingmrtools wrote: Fri May 20, 2022 3:17 am That indicator looks like your standard Bollinger band width, with a possible repainting histogram, my question is how to determine the 4 trend levels.
2.Trend Occurs
3.Trend is Ending
4.No Trend
My opinion is
1.Bollinger band width is tilted up by 1 slope ,Defined as Trend is Forming
2.Bollinger band width is tilted up by 5 slope ,Defined as Trend Occurs
3.Bollinger Band width sloping down 1 slope, Defined as Trend is Ending
4.Bollinger Band width sloping down 5 slope,Defined as No Trend
Hope this slope can be customized
Teacher, though this indicator will be redrawn.
But there is no denying that this indicator is a good confirmation of volatility.
Hope to make it happen
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