Indicators: Chase the trend 1.0
So I tried this out, when I compare it to a 20 period ema it's almost identical except one bar behind the ema. Am I missing something? Can you post the instrument + settings you are using to get the second graph with the nice straight lines?
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Chase the trend 1.0:
The indicator uses in the calculation the deviation of its previous value from price
Author: Denis Lazarev