This is my last project.
Unfortunately when choosing the name I was not too creative.
Suggestions are welcome.
Basically, this indicator is checked whether the indicator is above or below the next higher in the series.
The series starts from 2, go to the max, the distance between the two averages is the Step.
For example.
For Step 2, Max 10, series is 2, 4, 6, 8, 10
In total there are five steps, which is Overbought Oversold Level for that setup.
If the trend is equal to 5 is suggested that all indicators are in the up trend phase.
If the trends are -5 suggests that all the indicators are in down trend phase.
What an extreme situation.
To me it seems an interesting idea.
Please give your feedback.
This indicator is quite difficult to calculate.
To speed up the calculation, especially if you have an older computer, reduce the resolution, increase the step that you are using.
For this indicator to work installed Averages indicator from
viewtopic.php?f=17&t=2430&p=5268&hilit=averages#p5268These are basically the same indicators.
A simplified version has a range from 0 to 100
A smaller choice of moving averages.
Option of defining the period of calculation, in order to obtain better performance.