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E Flet

The E-Flet indicator shows "steady - calm" and "uncertain - fluctuations" market, identifying characteristics over a certain period in bars.

During "calm" moments between "fluctuations", there is a steady price movement, which should be traded depending on the indicator value (buy when above zero; sell when belo).

Input Parameters

  • DRAWs=128 - the number of bars to draw the indicator deeper to history;
  • PeriodInd=14 - calculation period in bars to calculate indicator values.
It is recommended to use E-Flet in combination with R-Trend for a detailed analysis of the trend nature.
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