You can create more sophisticated analysis by combining Jurik Tools in various ways. The chart shows a band around price. Within the band, price is tracked by JMA and is colored according to an algorithm that displays whether the market is bearish, bullish or neutral.
Note how the band contracts as trend lengthens. The amount of contraction is user specified. Contraction reduces the amount of retracement before the market is reclassified as bear or bull. This can help with minimizing lost profits by encouraging earlier exits.
For more information on CFB, go here.
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