7-11 Indicator

Years ago I used the 7-11 system for sports betting.
It worked well.

I would bet on a team that had won at least, 7 of it's last 11 games.

I've wondered if this would work with trading. It's too painstaking to check visually. It'll make you go blind. There would have to be an indicator.

For a long, you would wait until at least 7 of the last 11 bars have been bull bars. Then you would go long at the open of the next bar.

For a short, you would want at least 7 of the last 11 bars to have been bear bars.

If someone could make an indicator, it would be easy to see if this would be profitable. You never know.

Thanks

hey bill..... i coded something similar for kathy liens consecutive bar idea..... it was a while back, can't recall the exact particulars.....


do remember it worked best when combined with trend..... in other words , overbought in a down trend or oversold in a uptrend.....


wrote both an ea and indicator..... will scratch around and see if i can find it......h

Sounds good.
Thank you.