and measures the efficency of price movement. Use the indicator to
determine if the market is trending. If the increased,
then the market is facilitating trade and is more efficient, implying that the
market is trending. If the decreased, then the market
is becoming less efficient, which may indicate a trading range is developing that
may be a trend reversal.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.
USDT (TRC20): TH29EEXa19vfwZNYvxdUuMxoFY5QDYLcWG
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.