Daily Play Ace SpectrumSo the idea of the  Daily Play Ace Spectrum  is to extend the  Ace Spectrum .
By exposing more parameters, making a variation of the  Ace Spectrum  which is more configurable.
The idea is this makes the  Daily Play Ace Spectrum  more suitable for use on shorter (hourly and minute) time scales.
These specific parameters exposed still maintain the  original form  of the original Ace Spectrum, but  loosen up the hard coded assumptions  of the original indicator.
By exposing more parameters this now makes the Daily Ace Spectrum more sensitive to input.
Meaning the  parameters you choose are important  and will set the  characteristic reaction of the indicator  to the series you give it.
This presents a trade-off, the simplicity of the original indicator is sacrificed.
But what's gained is a  more comprehensive indicator  that now needs  more careful parameter adjustment .
Related to the Ace Spectrum: 

