A remarkably simple but very useful indicator. Earlier and clearer signals than ADX or VHF. More positive ranging signal than any other indicators.
Old conventional theory says when StdDev above ATR then market trending.
I say this idea may be OK for stocks & commodites but for the harmonics of Forex market we need something quicker and clearer. Also never...
A remarkably simple but very useful indicator. Earlier and clearer signals than ADX or VHF. More positive ranging signal than any other indicators.
Aqua = ATR
Orange = StdDev
Red = Smoothed Moving Average of the StdDev
Usage:
Any pair, any time frame. Best used on majors and M15 period or higher
Orange breaks above Red when below Aqua = Trend building
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