BoB Candles AM
The indicator improves the idea implemented in the standard Bulls and Bears indicator.
The indicator colors candles by analyzing the divergence of the maximum and minimum prices of the current bar with the average value of the maximum and minimum prices over a longer period of time.
The indicator does not re-paint on fully formed bars.
The indicator is easy to set and efficient on trendy market segments.
- i_Period - smoothing period for forming the channel;
- i_Method - smoothing method for forming the channel;
- i_Shift - shift for forming channel.