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Concept: Definedge Period: 10 Average period: 5 In the Shadow% indicator, two lines are plotted below the chart. 1 – The green line represen
"Shadow% Indicator: Enhancing Market Insight with Dynamic Trend and Volatility Metrics"
The Shadow% Indicator measures the proportion of a candlestick's body relative to its total range, indicating market sentiment and potential reversal points. High Shadow% suggests strong momentum, while low values signal weaker trends.
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Creator: Definedge Default period: 14 There are three lines plotted below the chart in the RDX indicator. 1 – The green line is RMI+ 2 – The
RDX Indicator: Revolutionizing Trend Analysis with Advanced Market Metrics
The RDX Indicator is a volatility-based tool that combines Relative Strength Index (RSI) and Average True Range (ATR) to gauge market strength and potential reversal points. It adjusts RSI readings based on ATR, providing a clearer view of overbought/oversold conditions.
Creator: Definedge EMI period: 9 MI period: 25 Average period: 10 In the Noise Rate indicator, two lines are plotted below the chart. 1 – Th
Noise Rate Indicator: Analyzing Market Volatility and Signal Clarity
The Noise Rate Indicator measures market noise or the level of price fluctuations unrelated to the underlying trend. By quantifying these erratic movements, it helps traders distinguish between genuine trends and random market noise, enhancing decision-making.
