Hello,
is it possible to implement this indicator for MT?
It is calculated that you take yesterday´s true range, multiply it with 0.382 and 0.618
and add this result to today´s open. So you get two lines. Additionally you can subtract these results
from today´s open to get two more lines. The assupmtion is that if the price is crossing one of the lines this will cause
a momentum in the direction of the breakout.

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## Riker66

Hello,

is it possible to implement this indicator for MT?

It is calculated that you take yesterday´s true range, multiply it with 0.382 and 0.618

and add this result to today´s open. So you get two lines. Additionally you can subtract these results

from today´s open to get two more lines. The assupmtion is that if the price is crossing one of the lines this will cause

a momentum in the direction of the breakout.

Thanks

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