Indicators: Average penetration bars
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Average penetration bars:
Short description.
And finally : found one idea for calculating the trend that comes from someone that calls himself "Vonasi" on the net. I liked the idea (it is not showing the usual "greater than" or "smaller than" trend) and used it in this indicator too (as an option, so this indicator can calculate the trend the "classical" way as well as that custom way). Also, regardless of the indicator name, you can chose to display colored bars as well as colored candles
Author: Mladen Rakic