Chompsky Dash

The Chompsky Dash – Designed to integrate the Chompsky Bands Pro and C-Fibs indicators as well as add perspective to the current state of the market. -Current Band State = this is showing what the Bands are currently doing. The colors are coordinated with the bands as long as the settings inside the Dash are the same. -FibTrend = this is showing the current state of the fibs. If the last fib pivot was bullish, the fib trend will shift to green. If the last one is high, it will shift to red (as long as color bias is selected…

Description

The Chompsky Dash (Includes Chompsky Bands Pro and Chompsky Fibs)- Designed to integrate the Chompsky Bands Pro and C-Fibs indicators as well as add perspective to the current state of the market.
-Current Band State = this is showing what the Bands are currently doing. The colors are coordinated with the bands as long as the settings inside the Dash are the same.
-FibTrend = this is showing the current state of the fibs. If the last fib pivot was bullish, the fib trend will shift to green. If the last one is high, it will shift to red (as long as color bias is selected in the menu) -62% and 38% zones = these will light up green if touched by a candle low, and should light up red if touched by a candle high.
-EMA tick separated state of the structure and bias
-Buying and Selling Pressure = This is visualizing the band’s momentum band with a weighting to the current volume in ticks (if using on each tick). This can also give indication of volatility if it has been favoring a side for a lengthy amount of time. I suggest watching how this functions before attempting to utilize it.
-MM = shows the current completion percent of the plotted measured move. Green = Bullish MM Red = Bearish MM
-BPM = Bars Per Minute (for renko and non-time-based bars), a function that calculates the average bars printing per minute. The default minute setting is 5 but can be adjusted in the menu. This helps to determine if the market momentum is high or low. Very low bar printing rate can signify a lul in volume and may not be a great time to trade. Likewise, very high BPM can signify high volatility and may be conducive to slippage. Watching this meter on different bar sizes may help to identify ideal BPM for your system.

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