This a very simple indicator that I will go into further. I call it MAD4e. It is the addition and subtraction for 4 exponential moving averages. In this instance it is MAe(1) + MAe(2) - MAe(3) - MAe(4). To normalize things I divide the result of this by close and multiple by 100 to get percent of this difference. Once this crosses buffer zone, a buy or sell order is initiated.
TODO:
Try indicator on $COMP, $INX, $INDU, $NDX.X
Show results of intraday trading (SRS/SKF)
Test on less volatile ETFs (SDS/TWM)
