Kijun-Sen for trailing. What do you think?

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trooper
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Joined: 30/10/2010
2011-06-10T19:20:12Z

Hi,
Going to use Kijun-Sen for trailing. Please let me know if you are already using it how it performs?

Here is a brief description of Kijun-Sen:

Kijun-sen demonstrates the average value of the price for the second period of time. Kijun-sen is a fluctuations' parameter in the Forex market. The price can grow if it is higher than the Kijun-sen. When the price crosses this line, movements in the trend are predicted.

The formula is : KijunSen=(HighestHigh-LowestLow)/2

Here is a picture and also attaching an indicator I wrote.

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LOCKijunSen.zip (1kb) downloaded 50 time(s).

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