Polarized Fractal Efficiency is a technical indicator, which shows the efficiency of market prices at the current moment. The indicator values range from 100 to -100.It is thought that if the indicator value is greater than 0,then this asset is characterized by an upward trend.If the indicator value is less than 0, then the asset is characterized by a downward trend.
It is recommended to open a buy position, when the indicator value is below -50. It is recommended to open a sell position, when the indicator value is above 50.
The indicator view in the chart.
The indicator has the following parameters:
Settings
Period - setting of the indicator calculation period.
Smooth - setting of the smoothing period of the indicator values.
Common
Source - setting of the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Drawing
Panel - selection of the indicator location in the chart:
- New panel
- Chart
Visualization
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Color - color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setting of the line display style:
- Solid
- Dash
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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