Shows a count of the number of close > open candles over a given range.
- Green line shows the count over the given range.
- Purple line shows the moving average of the green line.
- Grey line is the mean of the range.
Range: Is the amount of candles back to count.
Auto-Smoothing: Is an automatic noise reduction feature.
Smoothing: Is a noise reduction feature of the green line.
Regions below the grey line tend toward over sold territory and region above tend toward over bought.
*** This is not financial advice. Trade at your own risk. Be careful out there.