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I love the idea of that indicator. But on an 8 range bar, by the time that fires the correct color, I already want to be out of the trade. I think it would work better on a time based chart which I don't trade.
Thanks though, I have a 5 min strat it would help on once I get my account to the place I can handle the stops on a five min chart.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
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