Interesting indicator, I've had a go at it today, adapting it from here rather than from pine script. For some reason I always struggle to read pine script... and write it for that matter.
I'd be very grateful if somebody could check my logic. I think I've understood the maths correctly but another pair of eyes would be good.
Put it through a genetic algo backtest for a while... running it by itself it can return pretty good profits but with some rather large drawdowns.
Just done more testing. Mine is complete and utter junk! Use ZSchoros!
Removed the links until I get it fixed.
Backtest Screenshot: https://i.imgur.com/XdAyThx.png
Thoughts?
Edits as first strategy I posted was pretty flawed, fixed now.
I'd be very grateful if somebody could check my logic. I think I've understood the maths correctly but another pair of eyes would be good.
Put it through a genetic algo backtest for a while... running it by itself it can return pretty good profits but with some rather large drawdowns.
Just done more testing. Mine is complete and utter junk! Use ZSchoros!
Removed the links until I get it fixed.
Backtest Screenshot: https://i.imgur.com/XdAyThx.png
Thoughts?
Edits as first strategy I posted was pretty flawed, fixed now.