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here is a ts4.0 indicator to illustrate the HTLT indicator
in power editor click open
then click indicator new
name the indicator HTLT
inputs: Length(10);
value1=Highest(high,Length);
value2=Lowest(Low,Length);
Value3= (value1+Value2)/2;
Plot1(Value1,"Top");
Plot2(Value2,"Bot");
Plot3(Value3,"Mid");
the reason I left the length as a variable rather than a fixed amount is that
the smaller the time frame the larger the length. try 20 on three minutes S&P
and/or 12 on 15 minutes. S&P
the trend is up when the bars are above the midpoint and vice versa.
under styles i make mine thicker than the top and bottom. now some expert out
there can give us an entry method and an exit method and probable stop
placements
we may have a phenomenal system. can you make $500 A DAY using this sure.
Most important is defining a trend and it's direction. the best money
management
system cannot help you if you go against a trend. all it does its keep your
losses small. but if you know the trend or market direction your money
management should help you.
goodluck good trading
ismail
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