Scara
- Indicatori
- Damian Blaha
- Versione: 1.7
- Attivazioni: 20
The Scara indicator helps to determine the current trend in the market using two levels of weighted average price (WAP). It visualizes trends using the color fill between the two lines and the position of the price relative to these lines.
Bullish trend: When the fill between the lines is green and the price is above the upper line, it signals a strong uptrend.
Bearish trend: When the fill between the lines is red and the price is below the lower line, it indicates bearish dominance in the market.
Neutral state: If the price is between the lines or the fill is a different color, it may indicate uncertainty in the market.
The colors of the lines and fill of the indicator must be manually configured in the parameters.