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Congestion Index

by luftbus320, 3753 days ago
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This is an Implementation of the Congestion Index Indicator presented in the book "Intermarket Trading Strategies" by Markos Katsanos.

It can be used to identify trading ranges and the direction and normalized strength of an trend. Values above 30 indicate an uptrend and values below -30 can be considered as downtrend.
Markos Katsanos recommends to smooth the indicator with an 3-bar EMA to reduce the noise.










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Type: Trading Indicator

Object ID: 1513


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