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CFB channel + index
The chart shows a band around price. Price pushes the band up or down and CFB determines how long the band stays flat before contracting. The user specifies upper and lower limits for the amount of delay before contraction and CFB works within that range. Contraction reduces the amount of retracement required before price pushes against the band's opposite side. |
Below the band we see an oscillator which simply represents the relative location of price within the CFB channel. This oscillator can be used to trigger entry/exit commands. |
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