
Key Features:
- Choppiness: A valuable metric determining whether the market is moving in a distinct direction or simply oscillating.
- Volatility Analysis: Leverages the Average True Range (ATR) and other proprietary calculations to provide a clear picture of the market's volatility.
- Trend Divergence: Signals potential divergences in the market, a pivotal tool for anticipating price reversals.
- Adjusted DMI: A nuanced version of the Directional Movement Index, further refining the insights into market trends.
- Gap Line Visualization: Highlights the difference between adjusted bullish and bearish directional movements, making it easier for traders to spot potential breakout or breakdown moments.
- Customizable Inputs: Tailor the indicator to your needs with adjustable sensitivity lengths, threshold levels, and more.
- Multiple timeframe: While the chart is on you tradable timeframe (e.g. 3 min) you can change the theta shield timeframe to 5, 10 or 15 minutes to see the larger picture.
Remember: Always combine this tool with your existing trading strategies and risk management techniques for best results. Happy trading!