When I was talking about "If it's a slow day...." I was referring to changing the lookback. It is like the first line of code in the scan, I'll just quickly cycle through numbers 2-4 if I'm not finding much on 3. The longer the lookback the more established the s/r. Usually this is good but it also sometimes mean you get in to late if its to high. That's why I think 3-4 is the best, 2 is okay, and 5+ is good for breakout to new highs or lows but that's about it.@YungTraderFromMontana Thanks for your continuous efforts to improve this indicator.
Scan is the heart of this indicator. Hope you will find a way to improve it.
Does the old scan work along with your latest indicator?
You mentioned that "If it's a slow day and I'm not finding good plays I check 2-4. 3-4 is best imo on d and 2d though." Can you describe which value should be used for which parameter?
Just an observation, on most of the charts I saw ECI compression zone before breakout. It is nice to see two indicators agreeing
Did not find this in a search. Sorry if it already was posted. It is a compression study is very fast at showing compression. Has some hints of when compression turns into expansion. #hint: Expansion Contraction Indicator (ECI): \n ECI Identifies areas of price compression which leads to price...usethinkscript.com