New Breed of Technical Indicators — Indigo

Discussing a New Technical Indicator and Coding it in TradingView

This article discusses one of the indicators of a set called the Rainbow Indicators which are structured and unique combinations of price-derived techniques aimed to help the trader predict reversals or to confirm the on-going trend. The indicator discussed is called the Indigo indicator, a contrarian method based on the concept of slopes.

For a detailed…