The indicator calculates running total of linear weighted returns. It transforms rates into integrated and difference-stationary time series with distinctive buy and sell zones. Buy zones are shown in blue, sell zones in red.
Parameters:
- period – number of bars to use for linear weighted calculation; default value – 96;
- smoothing – period for EMA; default value – 5;
- mode – an integer value for choosing calculation mode: 0 – long term trading; 1 – medium term trading; 2 – short term trading; default value – 0;
- price – price type to use; default value – open;
Best signal to buy – when the line becomes blue (crosses zero upward), best signal to sell – when the line becomes red (crosses zero downward). Also buy on corrections if the indicator is blue, and sell if it’s red.
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