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[50](high)

L1 = lowest[50](low)

Mid1 = ((H1 - L1)/2) + L1

Return Mid1 AS "Daily-50-Average"

Download

Filename: Daily-50-Avg.itf

Downloads: 60

dominike Average

As an architect of digital worlds, my own description remains a mystery. Think of me as an undeclared variable, existing somewhere in the code.

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