mrtools wrote: Thu Dec 12, 2024 2:18 am Durango indicator (Brian Watt's MA Channels) - Mr Yen and degharbi
Hello, think this is close to the same.
What is the Durango indicator?
The Durango chart serves as a directional tool for traders.
It is particularly effective in assisting traders in determining whether to take a short or long position, as the multipliers of the Keltner channels signify conditions of extreme overselling or overbuying.
This indicator originates from trader Brian Watt, who specializes in S&P 500 trading and refers to it as the greatest of all time (GOAT) on his YouTube channel. While it is ideally suited for trading Index futures, it can also be applicable to Stocks, Forex and Crypto provided that the parameters are adjusted and back-tested accordingly.
The channel multipliers are contingent upon the specific instrument being traded, necessitating adjustments and fine-tuning for each individual asset. For instance, multipliers of 3.1, 9.1, and 18 appear to be effective for trading the Nasdaq.
Good afternoon MR Tools, how are you?
I know that this indicator is very similar to Fibb, but I saw a post where you mention that it no longer has its mt4.
Could you include your AVGS/RMAs in this one? or FIBB if anything has changed in the meantime.
And if possible, can I add a button please?
Thank you very much for all your support throughout this year
