Mongol Indicator2

It's a variation of mid of HH and LL since it compares the higher of HH or LL against a period and twice the number of bars back to avoid whipsaws.

I used to display this against lines on a chart, but made a histogram out of it and it looks interesting.

It looks good at gauging trend strength and general turns (see image below).

The name of the indicator is BAM, which is an acronym for "Below and Above Mid".

Ways to use it:
1. To see general trend on longer TFs (more than 30 bars back).
2. To see market vs mid of HH LL range at any time.
3. It can tell you a possible trend has just started.
4. It can tell you when to possibly stay out against a trend.
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Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
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Mongol indicator
Sumiyabazar Buyanjargal
It's a variation of mid of HH and LL since it compares the higher of HH or LL against a period and twice the number of bars back to avoid whipsaws. I used to display this against lines on a chart, but made a histogram out of it and it looks interesting. It looks good at gauging trend strength and general turns (see image below). The name of the indicator is BAM, which is an acronym for "Below and Above Mid". Ways to use it: 1. To see general trend on longer TFs (more than 60 bars back).
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