the last couple of days I've put a -for want of a better Name - a "PLdot/MCL crossover" into my trading
I'm noticed that when the 60 min PLDot moves below the 60 min MCL - the mkt tends to trade down and vice versa to the upside - it appears to be "real" reliable
So as long as the PLDot is below the MCL - only take short positions and Longs when the PLDot is above the MCL
It seems to show the trading "Flow"
D.M.
The MCL
Re: The MCL
MCL is very useful, as you are seeing. Slope and speed of change is also useful there...