Distance until retrace indicator.

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Distance until retrace indicator.

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07-26-2007, 11:36 PM

sprtn

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Join Date: Jun 2007

Posts: 8

Distance until retrace indicator.

Friends,

I built this indicator when I was investigating a countertrend martingale...which in the end I was able to create an EA that could safely return $86.00 on $10,000,000 a year.

Anyway, I think this indicator has some utility but to be quite honest I don't know what, if any. Is someone out there doing anything interesting with retraces?

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Wave.gif (24.0 KB, 187 views)

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	SPRTN_Wave.ex4 (3.7 KB, 19 views)
	SPRTN_Wave.mq4 (4.5 KB, 54 views)

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