Disliked{quote} You're welcome. To tell you the truth, I have not dealt much with this indicator yet given that I have found it this week end it seems to have potential. It is even clearer with regular timebased charts with fast EMA 5 and slow EMA 21 because a big breakout is clearly visible. On my picture, you can see sideways market conditions spotted by this indicator and then trending markets. So on Renko charts I would use Fast EMA 5, Slow EMA 8. Actually, this indicator seems to be Keltner channel based! The one I posted will display the section of...Ignored
Thank you for this lovely post of yours, which just illustrates what a genius you really are.
Also, for this indicator, but I would like to know what settings you were using in the illustration, plse. Default looks good, but I still prefer 55 in stead of 34.
Having said that, when the market moves, there won't be time to do all these calculations as suggested and that is where a "Genial-EA" become very handy, don't you think?
Wishing you continued success.
Hercs.
What about something like this, David?
I can post the indicator with pleasure should you wish to test it.
Hercs
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