█ This indicator shows an upper and lower band based on Highs and Lows. Depending on this, the indicator interprets a ranging market, an uptrend or a downtrend.
█ Usages: The purpose of this indicator is to identify when the price is ranging. It's also used to identify changes in trends, breaking points, and trend reversals. But it can also be used to show resistance or support levels.
█ Features: > Price Action Change Alerts > Price Action Change Labels > Color Bars > Show Bands
█ Parameters: Deviation: A parameter used to calculate pivots. Depth: A parameter used to calculate pivots. Activate Range Detection: Check the box to activate range detection. Band% Offset: A factor that is used to vary the bands offset.
Suppose, Timeframe 1 minutes , what is settings of deviation , atr, etc?
Dealwihit
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Candles are 90% orange. Am I doing something wrong?
fourpercent
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🔥💯
diamat
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Hi, great indicator. One question: I am new to this, but I wanted to implement it into a personal strategy. How can I do this? for example, how can I say:
If all my entry-criteria is met AND the color of the range is GREEN, then go LONG. And of course: If all my entry-criteria is met AND the color of the range is RED, then go SHORT.
Here is an example how i tried it (but it's not working like it should):