RealValueExtended

This indicator is my attempt to estimate the real market value. An extended version of my RealValue indicator with a new parameter that makes the chart more smooth and slower changing its direction.

The idea was to create something that changes direction much slower than market price and is better fitted than moving average.

The indicator moves up, if the price is above it and also moves up, and down, if the price is below it and also moves down, with speed proportional to the average of differences between minimums and maximums of bars from the Period given as a parameter.

Can be used both alone or with a second RealValueExtended indicator with different parameters in crossing points.