Experimental: using Donchian channels with diferent lengths to extract multiple time frame's to extract price in range rates. the title may be a tiny bit misleading tho -_-''
edit: colors arent correct should be inverted, gives better sense of whats happening.
The indicator is for experimental purpose only, it must not be used as a decisional tool but only as a visual one (like Zig-Zag, Fractal etc). The information this indicator display is uncertain and subject to drastic changes over time. If you have further question feel free to pm me.
Most of the filters you will find are causal, this...
This is an experimental study derived from George Lane's Stochastic Oscillator.
The %KWMA is calculated by taking a moving average of source with a %K weighting factor over its specified period.
The %DWMA is calculated by taking a simple moving average of %KWMA over its specified period.
Custom bar color scheme included.