TWIST TRAILING
September 7, 2017, 7:31 AM
Indicators
7 Comments
Hello,
Here is a particularly interesting indicator.
Based on the STE and 3 ‘BARS TRAILING STOP by larry WILLIAMS.
I was trying to anticipate the changes of direction and the idea came to associate the two. The result is quite edifying. I work with the indicator of larry williams in 5MN since a long time, but this one was not clear enough for the big trends.
Thanks to this new indicator in 1 hour, I take better positions at the start of the trend.
Period = 15
Positioning = TWIST> 38 and in the direction of the trailing stop.
Tracking Position in Timeframe 5MN and Reinforcement on Pullback.
Good trades
nbrperiode = 15
count=1
i=0
j=i+1
tot=0
while count<4 do
tot=tot+1
if (low[j]>=low[i]) and (high[j]<=high[i]) then
//inside bar
j=j+1
else
count=count+1
i=i+1
J=i+1
endif
wend
basso=lowest[tot](low)
alto=highest[tot](high)
if close>alto[1] then
ref=basso
endif
if close<basso[1] then
ref=alto
endif
twist = ste[nbrperiode](ref)
return twist
Download
Filename:
twist-trailing.itf
Downloads:
330
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