Although this indicator is very simple, it is very powerful when used correctly. The indicator is a trend following setup that will keep one out of choppy markets and on the right side of the trend.
It is helpful to watch one of Raghee's seminars on IBFX to understand how this indicator is applied.
Enjoy!!
Added on October 10, 2011:
Here is a link to free Raghee Horner's eBook on this setup.
https://www.dailyforextradingedge.com/sites/default/files/ebook.pdf
Added on November 2, 2011
When I see Raghee in a couple of weeks in Traders' Expo in Las Vegas I will discuss specifics of this setup and report back.
Also, will tell her that "Tiberius" said" You didn't tell me that Raghee was so good looking. Because she is."
Added on November 6, 2011
Revised to add shading to show EMA as a band. Just replace the older version.
Exported using:
NT 7.0.10000.7
Category The Elite Circle
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