R4M-PrevDayHiLo
I like this indicator a lot -- it actually combines 3 algorithms: previous day Hi & Lo, centered TMA with ADR bands, and slope of TMA midline. It doesn't have any "signals" of its own except, perhaps, the transition of the TMA midline's trend from bullish / bearish. But I'm not sure I would trade that. I'll combine this indicator with another one that generates "candidate" signals and then use this indicator for confirmation or additional clues.
I like this indicator a lot -- it actually combines 3 algorithms: previous day Hi & Lo, centered TMA with ADR bands, and slope of TMA midline. It doesn't have any "signals" of its own except, perhaps, the transition of the TMA midline's trend from bullish / bearish. But I'm not sure I would trade that. I'll combine this indicator with another one that generates "candidate" signals and then use this indicator for confirmation or additional clues.
Attached File(s)
R4M-PrevDayHiLo.ex4
86 KB
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357 downloads
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