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This is a momentum Indicator adapted to work on lower timeframes for Boom and Crash Indeecies. However the indicator can work with other Synthetic Indecies. 

The indicator trend colour is set default to Aqua,  then sell signal, the colour changes to red and blue signifies buy signals. . 

For non Boom nor Crash Indecies use a smaller period  and slightly increase the deviation. 
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