The indicator identifies the strength of the trend based on the points where the CCI indicator exceeds the overbought and oversold levels.
This indicator:
Settings:
- Suitable for all markets;
- Not redrawn;
- Intuitive and simple;
- It can be useful for both beginners and experienced traders;
- Allows you to identify market entry points where there is a high probability of a significant price movement sufficient for a successful transaction;
- Ind_Period (>1) - period of the indicator;
- Price - price for the indicator calculation;
- OB - Overbought level value;
- OS - Oversold level value.
The other indicators of the Level Break (LB) series can be found among my works.
Feedback and suggestions are welcome.
