Carbon Double WAM — Indicator by carbon

An enhancement of the Carbon WAM Market Cycle indicator that includes an additional Carbon WAM with a different period on the same plot.
The goal is to highlight the relationship between volatility and market cycles over two different periods - 3 and 21 seem to be a good combination.

The short period WAM provides an early warning for a trend change, and the long period WAM stays in bullish or bearish mode for most of the trend.

A possible system to use with this indicator is look for crossovers between the short period and long period WAMs and zero crossings on the individual WAMs.

Release Notes:

Republish with a clean chart.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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