Do we have the breakout indi for ninja ?

[Trevor.Richter]

Update - reversal works

Hi Guys -- I have been trying various incarnations of ElliottWave's breakout indicator, and couldn't get ANY winning strategies. The SD being an int was essentially a minor irritation.

However, I persisted, and after generating some fantastic losses in backtesting, I decided to reverse the strategy to go long on the bear indicator and vice versa, and generated a nice looking profit plot (below).

This was backtested on ES 1 min data. (Other time intervals and instuments were less spectacular.)

[Elliott Wave]

Good to know!

Maybe I'll add an option to reverse the signals. I think the same could be said be many strategies/indicators, do the opposite of what they say.


Do you mind sharing what values you used? I'd like to backtest it on forex.