Any Takers?
Thanks!
If the indicator is the same one I have here, it simply shows the breakout of a channel made from an N period SMA of the High/Low. Once price closes above the High (or below low) it shifts to buy (or sell) mode and shows the SMA of the Low instead of the SMA of the High.Khalaad wrote:But what does it indicate, and on what basis?kinkeadfx wrote:Its a custom trend following indicator that works on any time frame that helps find accurate entries and exits! I have been watching the indicator on charts for many different instruments for a long time and feel it has great potential for profits! I think if it was made into an expert advisor it would have great results!
Attaching a screen shot of indicator in action would help.
Khalid
Code: Select all
string GetGANN(int per) {
string direction=none;
for(int i=0;i<bars;i++)
{
double SMAHigh = iMA(NULL, 0, per, 0, MODE_SMA, PRICE_HIGH, i+1);
double SMALow = iMA(NULL, 0, per, 0, MODE_SMA, PRICE_LOW, i+1);
if (Close[i+1] > SMAHigh )
{
direction = up;
break;
}
if (Close[i+1] < SMALow )
{
direction = down;
break;
}
}
return(direction);
}