It's been a while, but we've got something that I think will make the wait worth it: The Awesome Price Action Movement Indicator. It has several noteworthy features, besides being free:
- Completely automatic trend detection. You choose the length you want to measure, and the function automatically chooses the start point based on common sense pass/fail criteria for higher highs/lower lows.
- The direction of the price movement is clear. There is no averaging of past data; only a real time data feed is required.
- no lagging, no quasi-leading, and no repainting of the indicator. WYSIWYG.
- There is also an mt5 version of APAMI that is identical to future-proof this, although it doesn't look like mt4 platform is dying anytime soon. Mt5 does reach a broader market.
- The whitepaper will be in a separate thread, but you can watch the video to get started:
http://www.youtube.com/watch?v=1VOv-Jqn8gk&list=PLAeDv9ZS_kDMAQa_behuCobmIPyEEPFj6
Since there is only 1 attachment file possible per post, i will include everything to get started for mt4 or mt5 with full instructions in the 1 zip file.
Price action has never been so clear or uniform.
- Completely automatic trend detection. You choose the length you want to measure, and the function automatically chooses the start point based on common sense pass/fail criteria for higher highs/lower lows.
- The direction of the price movement is clear. There is no averaging of past data; only a real time data feed is required.
- no lagging, no quasi-leading, and no repainting of the indicator. WYSIWYG.
- There is also an mt5 version of APAMI that is identical to future-proof this, although it doesn't look like mt4 platform is dying anytime soon. Mt5 does reach a broader market.
- The whitepaper will be in a separate thread, but you can watch the video to get started:
http://www.youtube.com/watch?v=1VOv-Jqn8gk&list=PLAeDv9ZS_kDMAQa_behuCobmIPyEEPFj6
Since there is only 1 attachment file possible per post, i will include everything to get started for mt4 or mt5 with full instructions in the 1 zip file.
Price action has never been so clear or uniform.