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.
nbrperiode = 15
while count<4 do
if (low[j]>=low[i]) and (high[j]<=high[i]) then
if close>alto then
if close<basso then
twist = ste[nbrperiode](ref)
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