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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.
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