Here is the normalizer I was trying to achieve. In this way you can do a fast and not biased by price analysis, for example to catch engulfish and doji's on the go ;)
I also added a MAs crossing-over signal I optimized.
Btw, I will try to add signaling on this indicator. I had been thinking in 2 options:
1) Maybe as a colour/unfilled bar when exceed average
2) Represent the on the width of the .
What do you prefer? Let me know.
I hope you enjoy it!
You can study convergence and divergences with this oscillator aswell.
My main idea was to work a trend strength indicator to ease price action, volume, and candlestick analysis.
I will keep optimizing it.
Hope you enjoy it!
Yellow Divergences as examples.
#Added Green-Up Arrows for Bullish Candle Patterns
#Added White-Star for Indecisive Doji Candles (+Red-Down Arrow when Doji is Bearish)
Hope you enjoy it ;)
Violet = Divergences on CMF
#Changed Bearish engulfish's red to maroon colour