This indicator is kind of “Moving average” built over the last highest and lowest prices from over 50 periods. This is a good start for research of a trailing stop indicator idea or a trend trigger..
(indicator from the Kevin Britains archive).
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rem ****** d'apres les travaux de Kevin***** H1 = highest[50](high) L1 = lowest[50](low) Mid1 = ((H1 - L1)/2) + L1 Return Mid1 AS "Daily-50-Average" |
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