The RBCI (Range Bound Channel Index) is a filter based upon the Fast Adaptive Trendline (FATL) and Slow Adaptive Trendline (SATL) indicators, and useful for determining market turning points.
RBCI requires atleast 55 bars since it is based upon FATL and SATL which require 55 bars. It is calculated by subtracting SATL from FATL. Prices approach the extreme range when RBCI its local maximum (or minimum) price. This implies that RBCI is an excellent indicator that can be used to determine the extreme ranges, and the levels from which the markets can turn.
BUY - Enter BUY when RBCI is at lower extreme below zero, and has turned upwards.
SELL - Enter SELL when RBCI is at upper extreme above zero, and has turned downwards.