Introduction
Advantage lines were created in an attempt to help eliminate whipsaw from a short-term moving average trading system. The main advantage of a short term moving average trading system is that it provides early entry signals to potential trading opportunities and trend reversals. This is also the disadvantage to the same system. Due to the early entry notification, you receive a lot of false signals, better known as whipsaw. To help eliminate many of these false signals, Mr. Turner created the Advantage Lines, which significantly help in reducing whipsaw, but also somewhat delayed the early entry signals. To enhance and help in getting back the early entry signals, the “projection” part of this indicator actually projects forward where we anticipate tomorrows lines to be, and let us know if we are “anticipating” a crossover or not.


Example of the ADV in the Charting Window:

Calculation
 - Proprietary
 

Customizing
To change the settings of this indicator, open the Program Options screen by clicking the "Program Options" button located on the main Toolbar.



See the Program Options section for more details.