A heuristic approach to identify Kagi chart type.
This tool allows to identify:
ATR Kagi charts (see ^)
Traditional Kagi charts
Works correctly with other chart types:
With this indicator, which plots the swing chart of the 3 degrees, swing traders can automate their work of tracking the right bars.
How it works:
Minor Degree (one bar) (gray)= If the current high is higher than the previous high or the current low is lower than the previous low.
Intermediate Degree (two bar) (baby blue)= If the current high is higher than...