An indicator that determines the market phase. It is recommended to use it on the 1D timeframe with a period of 20-40. It is based on the behavior of one of the lines of the Ichimoku indicator, if the line moves up, the phase is growing, if it moves down, it is falling. Parameters: period
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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