Flunki ZWAPometer Lite - ZWAP Trend Strength

2020년 1월 24일

Simple version of the ZWAPometer

Measures bars since ZWAP peak, effectively showing trend strength.

See previous indicator for more detail.

This does not show trend direction, only when it is exhausted, whether it is bull or bear will require other confirmation.

So in summary, this tracks bars since price hit a peak distance away from VWAP , indicating price will revert back to VWAP .

Enjoy,

Flunkimoku