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The HTLT indicator is constructed by plotting the Extreme high and low
for
the last ten periods and connecting the midpoints of these daily (period)
ranges each day(period)
The ten day period includes today.
It also will work on day trading
If the closes stay above these midpoints the trend is up and if they stay
below
the trend is down
THERE ARE NO MOVING AVERAGES
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I used the following formula in excel to calculate the HTLT:
=MEDIAN(MAX(Hi Today : Hi 10days ago),MIN(Lo Today : Lo 10days ago)
Plot this along with the close. I think this is what BG is saying in this
post.
Good Luck
Ron McEwan
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