I recently obtained a trial version of the TI indicator that is mentioned elsewhere on this forum. The author's website is here: Trade Forex With Me - Automatic Trading Robot
Please note that this indicator can only be leased, the annual fee is over $600 and I recently received an email stating that the price would increase to over $900 annually. Remember, this is only an indicator.
After adding the indicator to a chart, I had a hunch that this might be based on a simple calculation. It is. It is simply the Typcial Price (H+L+C)/3, also known as the pivot point. You may construct a 1 period SMA using Typical Price on the hourly bars and you'll have it.
A member of another forum was kind enough to code an indicator that duplicates the TI,
I have included it here.
Please note that this indicator can only be leased, the annual fee is over $600 and I recently received an email stating that the price would increase to over $900 annually. Remember, this is only an indicator.
After adding the indicator to a chart, I had a hunch that this might be based on a simple calculation. It is. It is simply the Typcial Price (H+L+C)/3, also known as the pivot point. You may construct a 1 period SMA using Typical Price on the hourly bars and you'll have it.
A member of another forum was kind enough to code an indicator that duplicates the TI,
I have included it here.