Inertia V2 - the indicator is an alternative to moving averages, which calculates the expected price movement while maintaining the current balance of buyers and sellers. The Linear Regression and Relative Vigor Index indicators are involved in the calculations. In contrast to the first version of the indicator, the Inertia V2 uses a more complex formula and also uses the StdDev indicator.
The indicator view in the chart:
The indicator has the following parameters:
Relative vigor index - set the RVI indicator period.
Linear Regression - set the LinearReg indicator period.
Standard deviation - set the StdDev indicator period.
Panel - selection of the indicator location in the chart:
- New panel
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:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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