DislikedRyuryu had a great idea and made an indicator for Tradingview... {image} The idea is to measure the distance between 2EMA's (in this case the 6 EMA High and Low) to measure volatility/movement and to find Targets to aim for. For Targets you would "need" 3 multiplications of that distance. (should be optional what multiplicator you want) The formula for the distance measuring would be: ((price_1 - price_2) / price_2) * 100 Its a must have tool for every scalper or daytrader in my opinion. Sadly there is no such indicator available on MT4. Potentially...Ignored
Assholic bullshitter Ryuryu using "Magic" EMA's and drawing "Fancy" Lines or conversely fancy EMA's and Magic Lines ?