Fred Tam F1 Indicator
Posted: Wed Apr 20, 2011 4:59 am
1) Buy arrow
If recent closing price is higher than the recent days close max
( eg. close(0) > Max(close(i) )
2) Sell
If recent closing price is lower than the recent days close min
( eg. close(0) < Min(close(i) )
I have added a choice between two types of signals.
Close and High / Low Data stream as a source for the signal.
I have noticed that High / Low option offered less noise.
MT4/MQ4 version
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