This indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken...
This indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken...
This script plots the highs/lows from multiple timeframes onto the same chart to help you spot the prevailing long-term, medium-term and short-term trends . List of timeframes included: Year Month Week Day 4 Hour Hour You can select which timeframes to plot by editing the inputs on the Format Object dialog.
Sorry for the mess above. Not sure how to remove it. It was not what I was looking to post. I added the the clean chart below. This was requested by "N". It displays the current yearly highs and lows along with the previous years highs and lows. Just a nice way to see the support resistance in all time frames.