In this script, you can get a clear indication about the momentum
Legend:
* Green Line --> %K (Current closing price relative to the range of closing prices in the last 14 days
* Red Line --> %D moving average of %K
* Area color at bottom --> %K/%D ratio
* Red downward arrow --> indication for downward trend
* Green upward arrow --> indication for upward...
Buy Sell Bands is a super simple indicator based on the mean reversion (range trading) strategy that shows you exactly where to buy, sell and close trades on every chart, market and timeframe.
It's best used together with our Range Strength indicator to identify when the market is in a range mode, this is the best time to take the entry signals from the Buy...