Dear kvak,
I’m currently reviewing the indicator across different timeframes (M5 and M15), and it works very fast and behaves very stably!
Thank you! What do you think about the following filter?
It seems quite close to market logic to me: we are looking for a more favorable price to enter a buy or sell (In the screenshot, I’m using a sell scenario as an example.).
Accordingly, if a sell signal appears at a price lower than the previous sell signal price, it is ignored.
P.S. It’s interesting to observe the dots with an offset — it almost feels like an ATR multiplier is built into the gap
To me, this can be interpreted as follows: the closer the dot is to the SuperTrend line (or when it crosses beyond it), the more favorable the entry becomes (sell in this case).
