I am looking for similar ideas for an EA that I am working on (MACD based). At this stage I am using the multi-timeframe ROC indicator from the mql4 book with some success. I use a short period (<10 ROC) and then look for spikes in ROC above a certain threshold. The threshold needs to be tuned per timeframe.

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thinking along the lines of determining the normal high low range and when it goes above this close the trade when the Bid/Ask retraces 10%