--- CONCEPT - HOW IT WORKS ---
This script is based on the percentage difference of the price action movements of EUR and USD
--- WHAT IS IT FOR? ---
It's a trend following script with leading capabilities. It works on every TF, best over H1 on EURUSD pair.
--- HOW TO USE IT? ---
Simply you have buy or sell signal looking at crossing lines. You should regard the "50" level as strengthening the trend if higher and weakening if lower. It is possible to change the currency reference period and smoothing period according to your needs and trading style.
--- WHERE SHOULD I USE IT? ---
On forex market on EURUSD pair. Backtest it by yourself before using it.
---- DISCLAIMER ----
The use and provision of this indicator is not intended to solicit the user for investment. It was created purely for educational purposes and for testing.
The author assumes no responsibility regarding the use of this indicator and any losses it may generate.
By using it, the user assumes any risks that may occur.
This script is based on the percentage difference of the price action movements of EUR and USD
--- WHAT IS IT FOR? ---
It's a trend following script with leading capabilities. It works on every TF, best over H1 on EURUSD pair.
--- HOW TO USE IT? ---
Simply you have buy or sell signal looking at crossing lines. You should regard the "50" level as strengthening the trend if higher and weakening if lower. It is possible to change the currency reference period and smoothing period according to your needs and trading style.
--- WHERE SHOULD I USE IT? ---
On forex market on EURUSD pair. Backtest it by yourself before using it.
---- DISCLAIMER ----
The use and provision of this indicator is not intended to solicit the user for investment. It was created purely for educational purposes and for testing.
The author assumes no responsibility regarding the use of this indicator and any losses it may generate.
By using it, the user assumes any risks that may occur.