ajmd_trades

AM Trend Exhaustion/Chop

This indicator lets you see when a trend may be exhausted and require consolidation, as well as choppy trading zones.
When the oscillator is in the bottom bar, the price is in a chop zone. When it reaches the top bar, it is due for consolidation.

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This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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