This is a tool designed to help with mean reverting trades but at the same time provide trend to determine direction. Bar coloring is based on a logarithmic oscillator with red meaning overbought and green meaning oversold.
By giving trend, it can help decide if a trade should be taken. This tool isn't designed for highly volatile markets.
By giving trend, it can help decide if a trade should be taken. This tool isn't designed for highly volatile markets.
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)