Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used
Step Lines:
There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role
Color Strength:
Change in Red & Green color and its thickness changed based on how strong the up or down trend is.
Disclaimer:
//Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation. //Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders. //Courtesy: Thanks to Richard Donchian, Alan Hull as this indicator/script inspired by Donchian Channels, Hull Moving Average
JUST GREAT. I THINK SOME TRADERS ARE SLEEPING AND THEY DIDN’T UNDERSTAND WHAT SOMEBODY CAN DO WITH THIS GREAT INDICATOR. THANK YOU VERY MUCH, INCREDIBLE JOB.