Zhuoxu Zhan / Verkäufer

This is an indicator that combines the Rate of Change and Bollinger Bands, with several functions: Identifying trends. Detecting overbought and oversold conditions. Determining potential reversal points. Applicable Chart: M5 The indicator is composed of four lines: the Upper Band, Lower Band, Fast Line, and Slow Line. Usage 1: Identifying Trends When the yellow line is above the red line and the green and blue lines are expanding, it indicates an upward trend. Conversely, if the yellow line is b

indicator seems to be a sophisticated tool for trend analysis in financial trading. It utilizes Bollinger Bands with an exponential method and color-coding to indicate the current trend direction—whether it's with the trend (bullish) or against it (bearish), as well as using the intermediate color, blue, to suggest a potential trend reversal. Additionally, the indicator uses a total of six tracks—upper band, upper band EMA, middle band, middle band EMA, lower band, and lower band EMA—to asses