I am a customer of the SMR Pro software because I got inspired by Chick Goslins famous book "Trading Day by Day". Now after some research I also found Linda Bradford Rasche and her LBR3/10 oscillator. And it seems that the SMR's SL and ML are the same as the LBR3/10/16 indicator. Is that really so?
And I think somewhere else I read that SMR were the first to implement the 3/10/16 oscillator, and LBR later utilizied it (along other indicators like ADX, etc..).
Does anybody have more information about the hirstory of this? And could the SMR software that easy be duplicated with the LBR3/10/16??
Yes I believe you can duplicate the SMR ML and SL using the 3/10/16 MACD built on simple moving averages. And yes LBR seems to have picked up the indicator from SMR. Also you will find references to SMR and at least one SMR chart in the Marty Schwartz book, "Pit Bull".
Linda said she paid for and use the SMR weekly charts for many years and then was shocked when she learned it was so simple an idea. I am sure it is the same thing because she said she had so many years using the SMR that she did not want to start all over with something new.