Simple, visual and efficient use. The indicator does not redraw and does not lag. Works on all currency pairs and on all timeframes.
You can interpret it like this:
- The location of the rate above or below the shadows indicates the presence of a trend. The transition to the shadow warns of a possible reversal. The entry of the price inside the shadow speaks in a flat movement.
- Length - The number of bars for calculations.
- Inertion - To calculate the amount of shadow.