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THL indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=64213
Forum: 17 · Topic 64213 · 1 post(s)
THL indicator
richardtao · Thu Dec 15, 2016 4:03 am
The THL indicator is applying to Trading Station II. The algorithmic rules of this indicator are: a) measure the price momentum. b) eliminate the sideway interference. c) mark breakout as an entry trigger.
The first parameter is “N: Number of periods” which defines the look back periods of high-low, default 0 means by automatic setting. The second parameter is “M: Number of Multiple” which defines the maximum consecutive triggers in the same direction. The end of year 2016’s release. This could be applicable of options seller.
