Hey traders and welcome to this trading idea!
First i want to thank you guys for the support and over 100 follower here on Tradingview!
This trade on USDCAD was such a pleasure. We entered right at the peak high with a maximum drawdown of 5 Pips. Price did retrace from there and broke the last low. After continuing down, yesterdays rate decision pushed the...
/this algorithmr takes a weighted average of the 10, 50 and 200 day moving averages, and quamtifies the trend strength
from +5 = strongly bullish to -5 = strongly bearish. 0 = no trend,
The strongest trend quantified will be when the 10, 50, and 200 day moving averages are all going in the same direction.
Another free indicator from Tarzan.
Peace.