Deep River AM

The presented indicator is the author's implementation of the classic trading idea:

• Moving averages of different periods diverge over time on a strengthening trend and converge on a weakening trend.

The proposed product allows you to clearly demonstrate:

• The direction of price movement;
• Temporary price rollbacks;
• Zones of multidirectional price movement.

Namely:

• The indicator lines go up and diverge from each other - a strong bullish trend;
• The indicator lines go down and diverge from each other - a strong bearish trend;
• The indicator lines go up but converge together - a weakened bullish trend;
• The indicator lines go down but converge together - a weakened bearish trend;
• The indicator lines are tangled into a tight knot - multidirectional price movement.

Also, the main indicator line is a strong dynamic support/resistance line that can be used as a guide when setting protective stop orders.

Configurable parameters:

• Speed ​​- the period for the primary smoothing of the price series;
• Depth - the shift for the primary smoothing of the price series;
• Width - increasing shift for smoothing the price series;
• Bars - the number of bars on which the indicator will be calculated and displayed.