Hello there, Mladen! I've playing around with the Composite Index Indicator in the Brazilian Index market and it is giving quite a lot of good signs. I'm struggling to understand the use of the red orange line, however. As I understand, entry signals are provided by the gray-lime green crosses. What is the red orange line signaling?
Thanks in advance.
hi. mt4 version available?
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Composite Index:
Constance Brown's description of Composite Index:
This is the MetaTrader 5 version of that indicator made exactly as the original Composite Index is described and made.
Author: Mladen Rakic