OK guys, here's an indocator (MT4) that covers the strategy.
I can't claim credit for it as I found an indicator here on FF that was 80% there, and I simply amended it to conform to the strategy.
There're a couple of settings that control the colour of the breakout box depending on how big it is. Currently it is set in pips, but I notice a few people have mentioned using ATR/ADR to determine whether or not a trade is advisable or not. If some kind soul can explain how that works to me, I can try to add it into the indicator.
I can't claim credit for it as I found an indicator here on FF that was 80% there, and I simply amended it to conform to the strategy.
There're a couple of settings that control the colour of the breakout box depending on how big it is. Currently it is set in pips, but I notice a few people have mentioned using ATR/ADR to determine whether or not a trade is advisable or not. If some kind soul can explain how that works to me, I can try to add it into the indicator.
Attached File(s)
MoTuBo_Indi.mq4
19 KB
|
502 downloads
"Pips are vanity. Profit is sanity."
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