DislikedAfter careful deliberation I have decided to join my friend Nanningbob and change the period setting of the Slope Indicator from 56 to 20. Bobīs painstaking research has determined that the setting of 20 is better for two reasons:
1- Much less repainting. Only 20 candles will suffer repainting instead of 56.
2- The new -0.8 to 0.8 Super Range. With a setting of 20, our normal ranging zone of -0.40 to 0.40 will remain the same, BUT a new Super Range is created between 0.80 and -0.80. The new Super range rule is simple:
[b]When Slope is above 0.80,...Ignored
with these settings it shows where price is with in the larger tma and gives you a warning if it is not going to make it to the opposite band as well as the smaller tma tends to confirm trend so you don't enter at a bad spot.
the smaller bands also move outside larger bands to get you ready to enter trade. i hope this little bit helps as you have given all of us a great method. been typing and others have stumbled on the same thing just check Fishcoo's 1hr chart above