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Fast Trend Line Momentum (FTLM) and Slow Trend Line Momentum (SLTM) indicators show the rate of price change, FATL and SATL are calculated the similar way as Momentum indicator. FTLM(bar) = FATL(bar) – RFTL(bar) STLM(bar) = SATL(bar) – RSTL(bar)
where: FATL(bar) - FATL digital filter; RFTL(bar) - RFTL digital filter; SATL(bar) - SATL digital filter; RSTL(bar) - RSTL digital filter;
This is very interesting and an excellant job of Apprentice, as always !! I think it would be very helpfull to the analysis, to add 2 more indicators : FATL and SATL The possibility to display FATL and SATL as indepented indicators will help the interpretion of FTLM and STLM according to the author. I think it is easy to create these 2 indicators as long as they are already in the calculation of FTLM and STLM. Thank you in advance
Dear Apprentice I was talking about the FATL and SATL indicators in separate versions. Kindly have a look at the calculation of FTLM and STLM that is FTLM(bar) = FATL(bar) – RFTL(bar) STLM(bar) = SATL(bar) – RSTL(bar)
I am reffering to FATL and SATL not the FTLM and STLM. Thank you again
please believe me I dont know how to thank you ! This is a lot more than I expected ! Thank you again . Please , if and when you have the time add 2 more conponents that are the last 2 ones to integrate the analysis
These components are :
1) RBCI , where RBCI = FATL - SATL
2) PCCI where PCCI = close - FATL
Thank you again and kindly forgive me for asking so much ! Many greetings from Greece