BackVariation index

Nowadays, the most popular representatives of the fractal time function are the financial time series. General rules applied when using the indicator: Indicator’s value below 0.5 means trend market behavior; Extreme low value often precedes the end (correction) of the current series; Indicator’s value above 0.5 reflects flat market behavior; Extreme high value often precedes the beginning of the significant trends; Indicator’s value about 0.5 reflects indefinite market condition.

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Forex Analysis