The Surge indicator combines the features of both trend indicators and oscillators.

The indicator measures the rate of price change and determines the overbought and oversold levels of the market.

The indicator can work on any timeframe and is a convenient tool for identifying short-term market cycles.

The indicator uses price extremes for previous periods and calculates the ratio between the current price and the extremes.

Therefore, the only parameter is Period, which sets the number of bars to determine the extremes.

The “Inputs” tab of the indicator allows you to select the indicator period.

The “Colors” tab of the indicator allows you to select the color, thickness, and style of the indicator line.

• period – the number of bars used to calculate the indicator.