The indicator shows the TDI indicator in a separate window, and with the RSI component, the indicator finds possible divergences with M or W patterns.
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Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
It shows buys and sell signals with suggested stop and target. In the same way, it calculates the essential trading analysis statistics as successful and profit ratio.
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The indicator predicts, with a specific probability, if the actual candlestick range will expand or contract compared to the range of a previous candle. Furthermore, the indicator shows the possible high or low of the actual candle, based on trend direction. (Recommended for Daily, Weekly or Monthly timeframes).