Indicators: Amplitude (Minimum Maximum) Indicator
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Amplitude (Minimum Maximum) Indicator:
This Indicator will show the Amplitude [Minimum; Maximum] of a given period and can act as a substitute of the ATR indicator. The indicator can be used to observe volatility and the force of the past swings, useful to determine excess movements that will possibly be reversed or repeated, given that the user has knowledge to complement with volume flux or standard-deviation strategies. It is suggested a period of 23 at 1H (meaning 1 session), for 24hs markets, or any period that complements your strategy.
Author: Mateus Matucuma Teixeira