Local Low Value Zones

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This indicator tries to detect the Local/Cycle BOTTOMS.

It depends on a MA and a Trend component.

High value zones are defined by:
1- Price Going beyond MA*0.625
2- Price in a Positive Trend and MA is near the MA

Inputs:
- MA Length
- Trend Component Settings

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ملاحظات الأخبار

Updated the Indicator so the MA multiplier can be adjusted according to the Asset Class Volatility.
Example: GOLD will have a reduced multiplier to near 0.1 and so On it adjusts according to your needs.
Note: The Bull multiplier is the for the lines above the MA and The Bear multiplier is for the lines below the MA. Usually in a Positive Trending Asset, the BULL mult. is larger than the Bear Mult.

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ملاحظات الأخبار

Changed the name