PCCI Candles AM
- Indicateurs
- Andriy Matviyevs'kyy
- Version: 26.0
- Activations: 5
This indicator uses digital filters to analyze data.
The indicator colors the chart candles in accordance with the current trend.
Digital filters are (simplistically) a way of smoothing data. Unlike traditional moving averages, a digital filter will be more effective in most cases.
This indicator allows you to identify the difference between the current price and its expected value calculated by an adaptive digital filter.
Moments of divergence are moments of price movement that can be used to open or close a trade.
The indicator allows you to select several options for digital filters that are optimal for various strategies, as well as select the price at which the digital filter itself is calculated.
The indicator signal must be confirmed by the price breaking the high/low of the bar on which such a signal was given.
Customizable parameters:
- DF__Price - the price at which the digital filter is calculated;
- DF__Type - digital filter type;
- Price - the price with which the digital filter is compared.