We all have heard about the concept of equilibrium. Equilibrium is the state in which market balance each other, and as a result, prices become stable.
This indicator is looking for these stable points in the market. When Equilibrium is achieved the indicator stabilizes which means that the market is in a trend.
The indicator comes with the option to look for positive equilibrium (positive trends) or negative equilibrium (negative trends). You will have the ability to choose the length of the Equilibrium. The length of the equilibrium can vary between 20 - 200. There is also one variable that smooths the Equilibrium line for aesthetic reasons.
Equilibrium (Expo) should be used with Equilibrium – Signal (Expo) indicator.
HOW TO USE
1. Use the indicator to detect a trend or to stay in the trend.
2. Combine it with the indicator Equilibrium - Signal (Expo) to detect when the equilibrium/trend might be over.
INDICATOR IN ACTION
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
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