DislikedG'day. I know the template for this strategy works well as it is. ie 2 x Lags, STOC and MACD but like a few others I have seen and been playing with the QQE indicator.
It seems to compliment the LAG indicators well. Best of all it can filter out small rallies and whipsawing that the Blue Lag 1 can do whilst the market is trending.
Method: Look to confirm shorts when QQE is below dotted trigger line.
Look to confirm long trades when QQE crosses above dotted trigger.
I have replaced the MACD with the QQE(14). Like most indicators, the QQEs signals are average in a flat market but once the market moves again its a handy begginning and end of trade comfirmation tool.
Always allow 1-2 bars for confirmation as it can re-build itself.
Anyhow, a couple of pics show what I'm on about.
Feedback welcome.
regards, D.Ignored
Looks VERY INTERESTING....What TIME FRAMES are you using....do you know if it works with all other TFs? Would be nice to have ALERT GO OFF when these cross....know any?