Wednesday, October 27, 2021
spot_img

Self Advance Decline Line with Floating Levels

Theory :

Based on the description from here : Advance-decline line the indicator counts advances and declines of the symbol it is applied to (instead of counting some other instruments, and that is why the “self” in the name comes. Seems to be useful in the “self” form too. Also, since the color change on the slope change alone is not too reliable a signal, this version is adding floating levels to assess the trend (and signals). You can use color changes on :

  • slope change
  • outer (floating) levels cross
  • middle (floating) level cross

Usage :

You can use color changes as signals

PS: the big picture” example

Previous articleTymen STARC Bands MTF
Next articlePepperstone Review
Metatrader Indicators
MetatraderIndicators.com was developed by Forex traders for traders. We wasted hours, probably years, looking for indicators, software and Forex broker reviews. Metatraderindicators.com is a hub for technical traders. It represents years of work, knowledge and experience. Enjoy and stay true to your passion.
102FansLike
0FollowersFollow
1FollowersFollow
0SubscribersSubscribe
spot_img

Top MT5 Forex Brokers