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I am looking for an indicator called:
Trend Reversal Index
It is from John Netto's book- One Shot One Kill Trading
He uses it for DIVERGENCE trading much like the applications mentioned in this thread. He found that after looking at hundreds of different indicators- he found that this indicator worked the best.
Netto mentions that it is a RSI 13 period with a RSI 3 period
the Metastock formula is:
RSI(13)+Mov(RSI(3),3,S
I hope that somebody has seen this indicator for MT4, or is kind enough to create for a non-programmer etc..
Ty-in advance, Matt Rippy
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