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this look really good! is there any way to use this in a shorter time frame? or increase the number of signals? looking to using this on tick charts
Yes, I noticed the same thing. Also, if u are backtesting on say 15 min 5 days & change the duration of the time to 15 mins 10 day or 15 mins 30 days it will give u almost completely different signals.Not to hijack the OP thread but I took a liking to jnitro version, however, it is plagued with repaints and 3 bars late. The general census shows interest in the direction of swing trades at a lower time frame. For example on 11/27/2020 opening for PLTR showed interest for a short side around 5:30 am printing on 4:45 am candle and disappear once price rise above it. It happened a few times until the price decided to flip direction. I would thread carefully with breakeven stop losses.
for fun, i recorded a few hours of the indicator at work, then compressed everything into a fast version, five or so minutes long. signals worth looking at are noted below.
0:11 -- goes long
1:00 - exits long
1:12 -- the earlier long signal disappears as does the exit
1:15 -- both briefly reappear.
1:28 -- new long signal
5:13 -- long signal flashes on and off.
5:15 -- long signal disappears and that's where i stopped the exercise.
this was about 3 or four hours worth of real time action. as much as i want to love the indicator, i just don't see how to use it.
setting was 5 minutes, today only.
thoughts?
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