The Hunter Scanner scans for a specific pattern called "The Hunter". This pattern should not be traded
on a single timeframe. But when it agree on higher timeframes, such as H4 and above, it is very accurate
for trend direction.
The Hunter scanner is an indicator and not a signal system. Combine this indicator with "The Hunter Dashboard"^
and you have a perfect set of indicators for trend trading.
The Hunter have very few settings. In fact only one needs to be adjusted. The one you can edit...
The Daily Direction line makes a pivot (HLC/3) of any preferred hours during a day. For example you want the average price (pivot) of the price 2 am to 6 am (your broker time). Then set 2 as start hour and 6 as stop hour. Some adjustments is needed if your broker apply to summer/winter time. But since the line is visual, is easy to correct.
Now the indicator will take the highest, lowest and close price and divide by 3. That average price becomes the daily direction line. You can set any hour...