Recently I noticed the IWO Turning point indicator as available for Tradingview: https://www.tradingview.com/script/Gn1EJ6Yq-IWO-Turning-Point-Indicator/
The idea is the use of the ROC indicator (10) with two linked long term bollinger bands. Period 252 days (year) and a BB with 1 standard deviation and another BB with 2 standard deviations.
I have looked on this forum but could not find a similar kind of indicator.
Does anyone have any suggestions?
Thanks in advance.
Just add a ROC indicator on the chart, then add 2 Bollinger Bands with different standard deviation, like I did in the attached picture.
Dear Nicolas,
Thanks a lot for your feedback. Much appreciated!