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I think this is a good indicator if we use it in daily TF.
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Greatest Swing Value indicator needed
Hi. I haven't been on this forum for a while, but I know there are the best programators for mt4. I would like to ask somebody to create indicator of Larry Williams. It's not actually indicator. Larry Williams introduces this as a concept in his book Long-Term Seecrets To Short-Term Trading. He calls it as a Greatest Swing Value (GSV). This value means distance between open and high (long side) or open and low (short side). He takes average of this value for few last days. But it is bit more complicated yet. For long side he counts only GSV for bars with down close (close lower than open) and for short side he count only bars with high close). That's all. We take as a buy or sell signal for example some percentage of GSV (180% by Larry W.). So that's it. If somebody would be able and willing to make this, I would really appreciate it. And by my opinion this concept can be helpful not only for me. Thaks and sorry for my english I'm not native speaker.
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Change the iTrade option to a bigger one and the channel will be draw with more bars.
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