Here's an interesting indicator created by James Stanley of DailyFX. The oscillator measures the difference between the upper and lower bollinger bands. A moving average of the same length as the bollinger band is also plotted over the oscillator.
If the oscillator is greater than the moving average, it indicates the trend is accelerating.
If the oscillator is less than the moving average, it indicates the trend is decelerating.
Category FXCM Strategy Trader (hidden)
|
|
|