An advanced and affordable momentum indicator for trading against false market movements. It is smoothed out by a special complex calculation of exponential averaging. It is also similar to a special type of CCI with greater resistance to overbought or oversold conditions and with a built-in momentum indication. This indicator is able to expand your trading opportunities as a trend determinant, CCI, and market momentum meter.

• Bullish divergence occurs when the price reaches new lows, and the indicator fails to reach them.
• A bearish divergence is formed when the price reaches new highs, but the indicator does not.

Both types of divergences are most significant if they are formed in the overbought/oversold areas.