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Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT
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Here is a formula that measures the strength of Chaos Balance Lines
M1:=MP()- Ref(Wilders(MP(),5),-3);
M2:=MP()- Ref(Wilders(MP(),8),-5);
M3:=MP()- Ref(Wilders(MP(),13),-8);
Mov(Mov(Mov(M1+M2+M3,2,S),2,S),2,S)
I have used MP() instead of the Close to help smooth, then I triple smoothed it with "3" 2 bar MA's
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