Hi Team,

Been lurking here for a while. Just a couple of quick questions, hope someone can help.

The indicator ang_fourier (as posted by newdigital), has shown some very good progress in regards to scalping for me. I was wondering the logic behind it (in laymans terms), I scoured the net for possible explanations but always came up with mathematical mumbo jumbo, that had me stumped.

Any explanation, rhyme or reason as to how it works would be greatly appreciated.

You can actually use these to trade breakouts on as well. Especially for anything that doesn't trade 24 hrs and opens above or below these lines, you can trade them in the direction of the high/low towards the opening gap. Pretty reliable trade, each and every day. Its a variation of TD Rebo, if anyone is familiar. On fx charts, I would recommend trading breakouts on smaller timeframes, confirmed with TD Breakout Qualifiers, or on a simple pullback to the 8ema, if price is strongly trending.

Hi All,

Has anyone got Equidistant Channel (EC) indi that will draw the middle line automatically? (divide the top and bottom distant equally at the middle) ie. similar to Linear Regression Channel but is EC.

Thanks.