LSMA indicator that shows confluence and divergence
LSMA indicator for multiple timeframes
I will be starting a new thread shortly based on LSMA.
It will include posting on first few pages of indicators and EAs that use LSMA.
This will include an indicator that shows the current timeframe and 3 above for current LSMA values.
Robert
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I've been using the LSMA with color indicator to sniff out reversals on the H4 charts, but I find the best signals come when the M30, H1, H4 and D1 timeframes all agree on direction. It gets a bit tiresome switching back and forth between timeframes, and I'd love to see an indicator that would simply show the direction the LSMA is pointing in multiple time frames..
So for each bar in the viewed time frame, it would indicate the direction (by color) of the LSMA in other time frames, so that confluence or divergence could be seen at a glance, without having to switch time frames..
Does anyone know of this type of indicator, or would anyone care to take a stab at programming it?
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