Trending or Ranging market
This indicator exports a huge concept used in volume analysis into the price action. It makes it on Intraday level. How to read it? Simple! But you need to make practice. Making profit in market is more than a 2-rule system.
When the price inside the lines, the market is in "range mode".
If the price is above the upper line, the market is trending up.
If the price is below the lower line the market is trending down.
You can also use them as support and resistence. And I reccomend you to sell resistence area, and buy support area (if ranging mode is on). If you buy the product you can contact me for additional clarification.