There is an system built off of an indicator in the current futures magazine. Anyone help produce this?
trade if price comes within 20 percent of the channel boundaries
This system tries to reduce whipsaw losses with the
HighestLowest-Range (HLR) indicator, which shows
price’s relative location within the high-low range of the
past
HighestLowest-Range (HLR) indicator, which shows
price’s relative location within the high-low range of the
past
n bars. If price is at the bottom of the range, the indicator’s
value is zero; if price is at the top of this range, its
value is 1; and if price is exactly between these boundaries,
the HLR indicator is 0.5. The HLR system initially enters the
market using standard breakout rules, but it exits a losing
value is zero; if price is at the top of this range, its
value is 1; and if price is exactly between these boundaries,
the HLR indicator is 0.5. The HLR system initially enters the
market using standard breakout rules, but it exits a losing
trade if price comes within 20 percent of the channel boundaries
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