Here I add my alma mod of the BB Caterpillar Squeeze on Alma.
I particularly like this mod. This time the Histogram is based on Alma and the dots are the Caterpillar squeeze. I used the open price for the Caterpillar, as I do not want it to recalculate for every tick, that can hurt some weak PC.
I also add the normal Squeeze with Alma. In the normal mod you do not have any Caterpillar (SSA). You have the normal squeeze with green bars. Look at the video to see how it has to be used.
How you should use it. Well the green dots of the normal squeeze are the main way to distinguish the trend from the range.
However if you use this instrument only on time frames wherein you actually have low fractal dimension you will have better results. This is highly opportunistic approach, for example today only on 1 m time frame we had low fractal dimension and the best signals were on 1 m time frame.
This can be used as it is. The Alma slope is giving the general direction of the trend. And the Caterpillar dots are giving the change in the momentum.
Other way is to use as a slow trend filter in other strategies. The choice is yours.
I particularly like this mod. This time the Histogram is based on Alma and the dots are the Caterpillar squeeze. I used the open price for the Caterpillar, as I do not want it to recalculate for every tick, that can hurt some weak PC.
I also add the normal Squeeze with Alma. In the normal mod you do not have any Caterpillar (SSA). You have the normal squeeze with green bars. Look at the video to see how it has to be used.
How you should use it. Well the green dots of the normal squeeze are the main way to distinguish the trend from the range.
However if you use this instrument only on time frames wherein you actually have low fractal dimension you will have better results. This is highly opportunistic approach, for example today only on 1 m time frame we had low fractal dimension and the best signals were on 1 m time frame.
This can be used as it is. The Alma slope is giving the general direction of the trend. And the Caterpillar dots are giving the change in the momentum.
Other way is to use as a slow trend filter in other strategies. The choice is yours.
Attached File(s)
bbsqueeze_dark_alma.mq4
6 KB
|
1,834 downloads
bbsqueeze_dark_caterpillar_alma.mq4
6 KB
|
2,058 downloads
ALMA_v1.mq4
6 KB
|
1,726 downloads