Fellow traders be super careful using this one. For mid to long term reversals you can use it as intended but it's like the CCI and Lambert's Way. Instead of going Short on the Overbought signal, go Long (and vice versa) if you're scalping.TransparentTrader wrote: Wed Feb 22, 2023 11:49 am This looks very promising.
We have a possible way to detect tops/bottoms in a non-repainting way, while also being able to enter/exit scalp trades using the MA crossovers on the bottom window (especially when it's a hard color exiting either extreme of the Donchian channel).
I wonder if it would be worthwhile to combine this indicator, the PPO Laguerre, and the latest work on the Chaos/Haos Visual Averages in a way where we get the most accurate possible identification of local/maximum tops and bottoms. We wouldn't need to rely on zigzag indicators anymore!
Many thanks to Mrtools & Mladen for the Rex.