Phase change index 2 – indicator MetaTrader 5

P.H.Pee has created a few indicators. In the series of those created by him there is a phase change index too

This version deviates from the original though :

  • it is inverted (the original shows values when the phase should change, and the is exactly the opposite of the trend)
  • option to produce smoothed values added (which is probably what is needed more in the original version)

Usage : you can use the color changes as signals

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