The indicator is calculated using a complex author’s algorithm. It is built taking into account the trend in overbought zones oversold volumes. This allows you to identify the divergence of volumes, to identify the so-called squatting bars. It also determines market entry levels and goals. The middle line of the channel is the expected level of pullback.
RPeriod- the period of calculation of the indicator
Indicator_Level – the level of overbought zones oversold
Draw Fibo Levels – displaying target levels
Fibo Level Color – the color of the target levels
Arrow Price Color – the color of the channel width label and the distance to the borders
CountBars – the number of calculated bars