We uploaded a new indicator in the MQL5 Community!
This is a very nice indicator dating back from 2006, created by trader Dean Malone of CompassFX. The purpose here is to present to the new traders a safe way to start studying the market and for those already traders who didn’t know this methodology to give it a try. Please refer to an old thread from MQL5 Forum that has several information about this methodology (https://www.mql5.com/en/forum/177803). The methodology itself was opened to the public through several webinars all over the world, the instruments used on the indicators are very elemental, i.e. Moving Averages, Bollinger Bands, RSI… but the way Dean Malone groups and used all this information is genius
There are dozens of variations all over the world of this methodology, ranging from the most conservative to the most radical (scalping), so I strongly recommend you to search for the proper knowledge and training on this methodology, because at first sight, even if you drop both indicators on your chart, you will not have a clue how to operate them or why the hell the indicators are lighting up that candle! The goal here is to put this on open code and let everyone tweak it to their best being, adding your own vision and maybe mixing methodologies as a new instrument for you to experiment.
