50 Bars Back Indicator.
This is important. You will see in my charts a dashed vertical Red line. This is the 50 Bars Back Indicator which I am attaching below. What is it used for?. It marks the 51th candle back from the current candle which is 0. Since my TMAs are 50 Period (50 candles), everything including and to the left of the 50 Bars Back indi is set in stone and will not repaint anymore. The bars to the right of the line will repaint and should not be given a lot of weight in analysis. I use it to analize steepness of the TMAs to the left of the line in order to make my entry decisions.
This is important. You will see in my charts a dashed vertical Red line. This is the 50 Bars Back Indicator which I am attaching below. What is it used for?. It marks the 51th candle back from the current candle which is 0. Since my TMAs are 50 Period (50 candles), everything including and to the left of the 50 Bars Back indi is set in stone and will not repaint anymore. The bars to the right of the line will repaint and should not be given a lot of weight in analysis. I use it to analize steepness of the TMAs to the left of the line in order to make my entry decisions.
Attached File(s)
50 Bars Back.mq4
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