Hi,
Frantacech,thanks for the indicator and for the explanation,very useful indeed.
Lythro,stlm2 basically estimates SATL-RSTL...being RSTL equal to SATL delayed by half the Nyquist frequency
...I suggest that you read the digital filter thread and subthreads at this Forum if you are interested in digital filters.
Interesting,how the price is bracketed between two trendlines and a resistance...actual H1 bar closed very near,around 13 pips,from the SL,so,I am going to let the trade run for a few hours,most probably,it will be stopped out...But,if it breaks the resistance we will probably have a very good payoff...
Regards
Simba