EFEM — Indicator by serdarsimsek

centeredoscillator movingaverage trendanalysis efem efemindikator yunusantur serdarsimsek borsamuhendisi

This indicator operates in the relative power region. By comparing the RSI indicator with its average, it aims to show the momentum with a color change if the indicator is above its average and the stochastic rsi has crossed them all.

it is showing trend momentum by colour changes. Depend on colours, You can detect trend reversal. It also shows the power of moving averages on current trend.

Serdar Simsek
@borsamuhendisi

Protected script

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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