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Mongol Indicator2

It's a variation of mid of HH and LL since it compares the higher of HH or LL against a period and twice the number of bars back to avoid whipsaws.

I used to display this against lines on a chart, but made a histogram out of it and it looks interesting.

It looks good at gauging trend strength and general turns (see image below).

The name of the indicator is BAM, which is an acronym for "Below and Above Mid".

Ways to use it:
1. To see general trend on longer TFs (more than 30 bars back).
2. To see market vs mid of HH LL range at any time.
3. It can tell you a possible trend has just started.
4. It can tell you when to possibly stay out against a trend.
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Identifique los rangos y los próximos movimientos probables   |  Obtenga las señales más tempranas y la fuerza de las Tendencias   |  Obtener salidas claras antes de reversión   |  Detecte los niveles de Fibo que el precio pondrá a prueba Indicador no repintado y no retardado - ideal para la trading manual y automatizada - adecuado para todos los activos y todas las unidades temporales Oferta por tiempo limitado >>   50% OFF Después de la compra, póngase en contacto con mi canal  para conocer lo
Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
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Mongol indicator
Sumiyabazar Buyanjargal
It's a variation of mid of HH and LL since it compares the higher of HH or LL against a period and twice the number of bars back to avoid whipsaws. I used to display this against lines on a chart, but made a histogram out of it and it looks interesting. It looks good at gauging trend strength and general turns (see image below). The name of the indicator is BAM, which is an acronym for "Below and Above Mid". Ways to use it: 1. To see general trend on longer TFs (more than 60 ba
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