It is also very useful in determining divergence in price compared to the indicator, especially when you look at price action compared to the indicator.
When the indicator is between 40 and 60, there is a good chance that price will respond by moving sideways and consolidating, above and below those levels, the market tends to start trending.
I hope this helps you to trade better!
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
Any specific indicator which goes well with ETS DEMARKER REVERSALS, WHICH U CAN SUGGEST TO PAIR FOR BEST RESULTS
PLEASE GUIDE ME