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Originally Posted by JaneFX
Can you explain the difference bewteen your indicator and Vlad? I was wondring why Vlad' was givin such a wide range. Perhaps the input had to be changed to accomidate different TFs.
Thank you very much for your contribution
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You answered your own question:-)
MM Timeframe period can be many different Hi/Lo snapshots depending on the observers outlook ie
16 bars, 32, 64, etc...also number of bars times 1, 1.5 and 2 can be used.
I just use 64 bars x 1 as my rule of thumb, also you are meant to use the
CLOSE of the candle highest/lowest within your time period. (If someone knows the line of code to do this please let me know as I currently make do with the highest high and lowest low)
VladVG code is the same as I use, just diferent hi/lo's are used to decide the octave (height of the timeframe)
If you are unsure as to which timeframe to use simply use kruzel's AMM dos ver enclosed here or an excel one based on kruzel's also here.