This oscillator derives from the S.E.X. Lines and shows the relative position of the price against the cloud.
It's useful to display trending/ranging markets and it works as a good proxy to confirm overextended cycle tops and bottoms.
The indicator allows plotting studies from higher time frames.
Implementation of S.E.X. Lines as described by Robert Borowski in his book "Forex Sailing".
The indicator allows to plot up to 3 studies, and display them as a Cloud or as Lines.
The indicator allows plotting S.E.X. Lines from higher time frames.
