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baguette by multigrain

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Rationale
The rationale behind this indicator is that: when the price of an asset reaches an extreme, regardless of the trend, there is a (maybe not equal but) opposite reaction.

Settings
The default settings will not be the best for whatever timeframe you choose. I personally believe a longer than 'normal' JMA Length is best.

  • JMA Source: The source in which the Jurik Moving Average calculations are based off of.
  • JMA Length: Controls the length of the Jurik Moving Average.
  • JMA Phase: A lag controller of sorts. Increasing the phase increases overshoots but reduces lag, decreasing the phase decreases overshoots but increases lag.

  • ATR Length: The length in which an average true range value will be calculated with.
  • ATR Multiplier: This multiplier controls the 'width' of our envelope or our extreme bands.


Credits
  • gorx1 for the improved and more accurate (?) Jurik Moving Average calculations.
  • RedKTrader for the ATR envelope calculations.

릴리즈 노트
  • included alerts for long and short indications.
릴리즈 노트
  • realigned input code.

면책사항

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