Disliked{quote} Password, Just read your post. Just to clarify, the indicators on the chart is exactly your strategy. The difference is that you manually draw a horizontal line either a buy or sell depending on the max and min within the look back number of bars and their relative magnitude with respect to each other. The indi you see on the chart shows both, the buy and sell without considering the "magnitude" but does adhere to the look back your strategy calls for. This change allows trading with the trend unlike your concept which is counter trend....Ignored
However, if you are trading with other method and want to use this method simultaneous.. then its completely fine.
Best of luck