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Truly Flat Detected

This a simple but very useful indicator for flat detection. It is located in a separate window.

It has only one set: TFI_Period - period for indicator drawing. It may vary from 2 to 8.

Recommended timeframe: any. However, timeframes from M15 to H1 are preferable.

You need to use it only with another analysis indicator (like Relative Strength Index, Stochastic etc), trend lines or channel lines.

The dark green bars mean flat, while the maroon bars stand for a trend.

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