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Main concepts:

  • It gives buy (blue) and sell (red) signal.
  • Signals does NOT repaint after bar is CLOSED.

Main features:

  • Length: Measure how many bars back the indicator will consider to calculate the signals.
  • Factor: Based on volatility of the market.
    Lower values will give less signals, but more accurate.
  • Max_bars: How far in history you want the indicator to show signals.
  • PopUp: Turn popup alert on and off.
  • RicinusWidth: Change the size of the signal.

The name of this indicator came from RICINUS COMMUNIS known as Castor bean.

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