mrtools wrote: Sat Jun 10, 2023 12:23 pm This is a range weighted relative moving average filtered.

Really good indicator mrtools .......... I compared this to EMA i have found in range bound markets it will be slightly behind the EMA but when its volatile this indicator becomes a bit more speedy & gives earlier signals than EMA

But i think if you add a filter value of 1.0 it makes the signals even better

I think it can really shine when using it for volatile pairs like GBPJPY & GBPNZD!!!

Here I applied 2 instances on my chart both using 21 period and a 1.0 filter to make a channel

1 indicator is set to HIGH
1 indicators is set to LOW