Dear all as per numerous quires on my compression channel, presenting the details description of the indicator.
Before starting with what & how of indicator, lets see what is called ''BHAV BHAWAAN CHE'' ''PRICE IS GOD''.
Basis of the study
--Expansion - Upward/Downward --Consolidation - can be best understood by compression in energy --Expansion - Upward/Downward
Stock/price tend to expand-cosolidate-expand , on the same principle when prices tend to consolidate(energy compression), it requires to breakout from the zone.
This MA compression channel studies the compression of energy(price) & expansion, as simple as that
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.