Disliked...price now taking a breather on the LRI sell side (right side)...FXCM's ChartStation LRI figure currently printing 1.9836. Does look like a bull flag (or similar) on the 4hr, so my money's still long....
Using the LRI slope change looks useful for getting in earlier on a trend change, before the LRI/50ema cross - will be interesting to test both variants.Ignored
OK Chow, this is important, I have checked another chart package (Net Dania, same as FXCM) and the hours are local, which means that if I am in Canada and you in Asia, we will get different readings of the LRI. Right now, a 4H candle has closed on the sell side of the LRI on Net Dania but not on MT4 and that tells me that what at first seems a drawback of MT4 with it's fixed hours, does actually seems to be a better setup as we all have the same reading no matter our geopraphical location