Equilibrium (Expo)

Equilibrium - (Expo)

DESCRIPTION

We all have heard about the concept of equilibrium. Equilibrium is the state in which market supply and demand 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


Positive trend


BTCUSD


USDGBP


AAPL


Wall street


Negative Trend


BTCUSD


EURUSD


BRENT


SEKUSD


GOLD



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

• Contact me on TradingView or use the links below




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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes!