Simple Trading With Excel.
This technical indicator (shown in GREEN below) is based upon recent dips in prices and/or recent rallies in prices. It is the halfway line between the 3 day high price line (not shown) and the 3 day low price line (not shown). A 29 bar s.m.a. of closes is shown, and a smoothed 29 bar s.m.a. of closes is shown along side the GREEN line. They look like this:
Chart above is from mid-September 2021 to mid-October 2021 (35 minute Closes).
We use it to CONFIRM the Trend Direction. Prices below all 3 lines are trending SHORT. And prices above all three lines are trending LONG. If prices are between the moving averages and the GREEN LINE, then this is a neutral area.
Try it. Good luck with your trading!
contact us at:
therivertradingsystem@gmail.com
eminiways 