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Statistics of bar history

The indicator has only one parameter - the number of bars for analysis. The indicator calculates statistics for when the market was moving down, when it was moving up, and the number of bars for each movement. From this data, the average number of bars is calculated, which is displayed in the indicator window. If the indicator values sharply decrease, then the market is preparing for an upward movement. If the indicator values persist at high levels for an extended period, then the market is preparing for a decline.


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The indicator based on Bollinger Bands parameters determines the bar's position and displays the value in the indicator window. When a bar closes below the lower Bollinger Bands line, the indicator value becomes negative. In such a case, one can expect an imminent market reversal and an upward movement. When a bar closes above the upper Bollinger Bands line, the indicator value becomes greater than 1. In such a case, one can expect an imminent market reversal and a downward movement. It
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