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Imagic03

The indicator shows the trend change and how the market is changing. When calculating, many parameters are weighed. Therefore, divergence between the chart and the indicator is possible.

Input parameters:

IndicatorPeriod: several calculation periods (small - small period, medium - medium period, long - long period).

You can trade by divergence, analyzed on the resistance and support lines (and other types of graphical analysis), as part of other indicators.

Tags: Stochastic, Trend.

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Imagic06
Aleksandr Morozov
The indicator represents 2 lines of different periods: one line is short-term (red line), the other is long-term (blue line). Each of the lines is a hard Moving Average, weighted by many parameters. Accordingly, you need to trade according to chart volatility. For convenience, the indicator has been added moving averages of the High, Low, Median ((High-Low) / 2) periods. Input parameters: IndicatorPeriod: several periods (general- general period, calculation for all periods; small- short-te
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Version 2.3 2021.01.06
Added the ability to hide the comment in the left corner of the chart.
Added weighting of volumes when calculating the indicator.