mahkoh 1,065 posts msg #146404 - Ignore mahkoh modified |
2/2/2019 4:22:28 PM
https://www.mql5.com/en/code/531
https://www.tradingview.com/script/iu3kKWDI-Waddah-Attar-Explosion-LazyBear/
This indicator relates the strength of a trend to the recent volatility. It is originally a forex indicator, one might play with the factor 150 in the x6 code to adjust for stocks.
The above filter does not show whether the trade should be entered long or short, but I think one look at the chart can tell you which direction should be taken. But below is a version that suggests to short on a break below the green line.
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