unconscious line

19 nov 2023

This indicator was created with the idea that if everyone trades, it will move in that direction, i.e., it will repeatedly converge on an unaware area. The unaware area is defined by calculating the difference between the high and high of the current bar and the previous bar, and the low and low of the current bar, and then plotting the maximum and minimum values of the unaware area. If the price converges to this line, the time when it does not go to this line can be taken as the bias of the theoretical price, so it is not plotted, but the time when it does not touch the right edge of the indicator title is plotted.
Parameters
Arybuf -Specifies the range of values to be determined from the current time. The smaller the value, the more recent the value will be used.
Style
1. Display the smallest value in the judgment range
2. Display the largest value in the judgment range.
3. Display line 1 to draw the range with the largest difference.
Displays line 2 that draws the range with the largest difference.
The area with the largest difference, i.e., the unaware area, is the range of values from Style 3 to 4.
Period of noncoucentration.
This value is the number of bars that have not touched the least concentrated area.
Indicator Usage.
Set the value of the parameter.
Draw a long enough moving average.
Use the moving average to recognize the environment and make an entry at a push.
Note that this indicator draws a convergence point and does not predict the future. While this allows you to find a push, the value itself has no driving force.
When used in a contrarian manner, it should be used with the expectation that it will be caught at a buying or selling climax at some point in the future.