D3score
Assigned negative scores in increasing order if candle close is below previous candle lows up to 10 candles and assigned positive scores in increasing order if candle close is above previous candle high. Moving average of the last twenty score is smoothed by dividing it with standard deviation of scores for the same period.
Score above zero indicates positive trend and score below zero indicates negative trend.
scores are assigned based on price action and this indicator needs to be used in conjunction with other indicators.
Yellow dotted line is zero line. Upper and lower thresholds fixed at +1 and -1
Score above zero indicates positive trend and score below zero indicates negative trend.
scores are assigned based on price action and this indicator needs to be used in conjunction with other indicators.
Yellow dotted line is zero line. Upper and lower thresholds fixed at +1 and -1