Moving Average Trend Filter
The original script was posted on ProRealCode by user Nicolas.
Very simple representation of a trend, this one cumulate the candlesticks closes above and under a defined period of a simple moving average. Simple but yet effective to avoid classical whipsaw, i believe this indicator could help any trend followers in trading decision. Any comments are welcome !
Very simple representation of a trend, this one cumulate the candlesticks closes above and under a defined period of a simple moving average. Simple but yet effective to avoid classical whipsaw, i believe this indicator could help any trend followers in trading decision. Any comments are welcome !