I don't know if could be of some help, but I developed a little indicator to be used with Feb's trading system. Basically it should be used with bars charts (no candlestick) and it will paint each bar with one of this color (adjustable) :
1) purple bar : means current bar has higher high and higher low than previous one (on the left)
2) coral bar : means current bar has lower high and lower low than previous one (on the left)
3) yellow bar : means current bar isn't in any of case 1) nor 2) thus it's an inside bar or an outside bar related to previous candle (on the left).
In this way I think it's more easy to spot visually the swing/pullback/entry
In attachment you will find too the template with Bars Trend v1
Hope it helps
Cheers,
Skyline
1) purple bar : means current bar has higher high and higher low than previous one (on the left)
2) coral bar : means current bar has lower high and lower low than previous one (on the left)
3) yellow bar : means current bar isn't in any of case 1) nor 2) thus it's an inside bar or an outside bar related to previous candle (on the left).
In this way I think it's more easy to spot visually the swing/pullback/entry
In attachment you will find too the template with Bars Trend v1
Hope it helps
Cheers,
Skyline
Attached File(s)
barstrend template.tpl
1 KB
|
814 downloads
BarsTrend v1.ex4
4 KB
|
1,047 downloads