Thats a very interesting indcator, very complex maths in it. I have used a combination of BB/MA with MACD and DMI to try to give a definitive trend direction /strength.
When writing EA's its very hard to get the trend cals right but this does seem to work and gives very similar results.
I have a system already written which does take a reversal trade but off the high/low of the last bar before the reversal. The difficulty is always the exit strategy.
The system detailed looks very like what Joe Ross wrote in his trading book, of which I have a copy.
Regards
steve
When writing EA's its very hard to get the trend cals right but this does seem to work and gives very similar results.
I have a system already written which does take a reversal trade but off the high/low of the last bar before the reversal. The difficulty is always the exit strategy.
The system detailed looks very like what Joe Ross wrote in his trading book, of which I have a copy.
Regards
steve
DislikedHow about using the attached indicator to define the trend?
When it crosses consider the trend changed then look for the entry signal as described in the earlier posts.
It may even help if the retracement stops around a fib number.Ignored