TwinDragons Indicator
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
This indicator has two lines (high=buffer(0) and low=buffer(1)). Essentially, when both lines are low it is a buy signal, and when both lines are high it is a sell signal. Also, the distance between the two lines is a measure of price stability (the greater the distance, the more instability there is in price).
The key input is TD_Index - this should be between 3 and 5. It can be higher, but it is recommended to not exceed 8.
Both lines can be smoothed using the following "standard" MA inputs:
TD_Period - number of bars for moving average
TD_Shift - moving average shift
TD_Method - moving average method
Shift - index for bar to calculate average
(See iMAOnArray() for more details)
The unsmoothed lines are accessed by setting TD_Period=1.
High and low level inputs were added for convenience.
If you try to use this, please post your comments. Thanks.
Screenshot of TwinDragons Indicator: