PowMA is a generalized power Moving Average. Allows to calculate much "faster" mean lines than LWMA and to fine-tune line sensitivity to historical data.
PERIOD - period used for the calculation; POW - index of power; APPLIED PRICE - the selected price. The line has the following properties:
at POW=0 completely matches the SMA for the same period; at POW=1 - matches the LWMA; at POW=3 - the line goes to the nearer Bollinger Bands line with a deviation of 1;...
The indicator shows the direction and sustainability of the trend, as well as its reversals. Use the indicator to search for successful entries, the performance bottlenecks to minimize risk and time to exit deals. The indicator is never redrawn. It is an easy-to-setup visual tool for both novice and experienced traders It fits any trading style.
The indicator is displayed immediately at a candlestick open as two lines:
ROAD - smoothed movement. It is drawn as a solid orange line BRIGHT...