This is a EMA Delta Oscillator: An attempt to show ranging markets based on the slope of the EMA.
Green = Bullish Market
Blue = Ranging Market
Red = Bearish Market
The EMA Slope is normalized to make it work like an oscillator with values between 0 and 1.
Bar colors show the oscillator colors, bar borders show the actual candle colors.
Original Idea by Invsto
In this indicator, I explore the core concepts of RSI and extend it with smoothening to determine volatility.
LIME/GREEN : High Volatility and BULLISH trend
RED/FUCHSIA : High Volatility and BEARISH trend
GRAY: Low volatility/Potential Chop Zone
This indicator measures the distance between the Guppy EMAs.
Fast and Slow Guppy distances are plotted based on traditional Chris Moody Guppy colors.
Green = Long Term Bullish
Red = Long Term Bearish
Gray = Neither
Similarly colors for ST Bullish and Bearish signals based on Guppy.
Thank you, CM and xkavalis!