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> One other note on Andy's indicator: Consider smoothing it a bit by
substituting a short term MA for the Closes. Try something like
XAverage(TypicalPrice,4). Note that the indicator will cycle up and down
above the 0 level in an uptrend, around the 0 level in a sideways market,
and below the 0 level in a downtrend... That's one way to identify the
market's current trend...
Or use (Price+Price[1])/2 for a faster filter.
Nice explination.
Prosper
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