Fractal Chaos Bands Indicator
It may seem that the market moves in a chaotic way, however, once the insignificant price fluctuations are filtered out, a certain pattern may be traced. That is exactly what this indicator does: it connects the highest/lowest price points on an interval and this way creates upper and lower bands. The upper band is created by connecting the price highs, while the lower band connects the price lows. The bands of the indicator basically resemble the movement of the chart, but they smooth out the price noise, only taking significant price movements into…
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