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This is the original, simpler version of our core EURUSD algorithm (it calculates and displays 2 lines rather than 3), but it is still capable of detecting levels in the market where EURUSD will likely move to. These levels are indicated by unusual large gaps, formed by the two lines. Detailed guidance is given to users. All in all it works on the very short term, and more importantly on the daily chart. The differences between this and our top EURUSD indicator, is that this one only displays
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THIS IS ONE OF THE INDICATORS USED IN THE ACTUAL EURUSD EA. THIS EA IS LARGELY EXPERIMENTAL AND WELL TESTED IN THE H1 CHART THROUGH LIVE TESTING.
TO USE THIS INDICATOR AS A STAND ALONE TOOL, YOU CAN DO SO IN SEVERAL WAYS SINCE THIS IS A VERSATILE INDICATOR WITH MANY DIFFERENT POSSIBLE SETUPS. GENERALLY, THE BLUE LINE INDICATES WHAT THE EXPECTED OVERALL TREND IS, BASED ON WHETHER IT STANDS ABOVE OR BELOW ZERO.
AS FAR AS THE NEXT PRICE CANDLE IS CONCERNED, THERE TWO MORE OBSERVATIONS YOU CAN DO