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).
rem ****** d'apres les travaux de Kevin*****
H1 = highest(high)
L1 = lowest(low)
Mid1 = ((H1 - L1)/2) + L1
Return Mid1 AS "Daily-50-Average"
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.ProRealTime ITF files and other attachments :