I would appreciate some help regarding this. I am trying to modify a stock reversal bar indicator to get some better results. I actually reversed all the settings in the stock chart to make it a 'trend showing' indicator instead of 'reversal bars' as you can see from the pictures.
I have attached the pictures for both indicator settings and also how they look together on two different charts. (Left side stock reversal, right side trend showing.)
My question is, is it possible to tweak even further with different settings to get even better 'trend' generating settings?
Example: Where my pointer is in NT7, if that candle was also highlighted as green (which is not as you can see), I would have entered on the 3rd bar (as per my rules) for a successful trade. This happens quite often and I do miss a lot of good trade entries. Maybe what I am asking is, is it possible to change some values in the indicator to 'generate' more signals?
Thank you.
Comment