FOX by Killpips

This indicator combines various methodologies to analyze price and volume direction, generating buy and sell signals based on specific trend and momentum conditions.

It uses an adaptive central line to follow price movements and calculates a dynamic band representing critical support and resistance levels. The behavior of the price relative to this band helps determine entry or exit points.

The indicator also analyzes the velocity and variation of volumes, comparing them to defined thresholds to identify the underlying strength of market movements. Signals are displayed as symbols on the corresponding bar: green triangles indicate buying opportunities, while red triangles signal selling opportunities.

By utilizing smoothed lines and adaptive averages, the indicator is designed to filter out market noise, focusing on significant movements. The parameters are highly customizable, allowing users to tailor the tool to their specific trading needs and preferences.