Hi,
i have been playing with this indicator as a support-resistance indicator. it has yielded good results in most time frames.
I just downloaded and saw it in my charts. I trade naked (price action only), and have no idea what coding is about.
can somebody explain in plain english what exactly does this indicator do?
I understand it deals with ATR indicator, and uses a coefficient. but how?
would be thankful to anybody that has a quick look and explains. i will be very happy to share my learning so far of my price reading skills in the context of the indicator in exchange.
g
edit: everything i have found about it is in russian, so i am lost. lol.
i have been playing with this indicator as a support-resistance indicator. it has yielded good results in most time frames.
I just downloaded and saw it in my charts. I trade naked (price action only), and have no idea what coding is about.
can somebody explain in plain english what exactly does this indicator do?
I understand it deals with ATR indicator, and uses a coefficient. but how?
would be thankful to anybody that has a quick look and explains. i will be very happy to share my learning so far of my price reading skills in the context of the indicator in exchange.
g
edit: everything i have found about it is in russian, so i am lost. lol.
With a break always expect a pullback, otherwise, you're dead meat/