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strategy for "Congestion Box For Range Bars" indicator
On this site, someone posted a "Congestion Box For Range Bars" indicator. The attached is a strategy that takes signals based on the congestion box concept, but slightly different in that this strat takes a trade long or short on the bar immediately following the last bar in the congestion box. Currently, the strat is coded so that it runs on currency futures (6A, 6E, etc.) or crude futures (CL). You'd have to adjust the breakeven, stop and profit targets by multiplying by 10, I believe, to run on spot fx.
good luck.
Category
The Elite Circle
Details:
strategy for "Congestion Box For Range Bars" indicator
Category:
The Elite Circle
October 27th, 2012
Size: 7.98 KB
1288
minsalaco
Comments/ratings
brevco
November 27th, 2012 12:37 PM
They seem to work with Hybrid Renko also.
brevco
November 27th, 2012 12:45 PM
No Comment
Future4
December 14th, 2012 07:48 PM
I have only back-tested your strategy so far, and it works best with "Unirenko" like T3R4O3. Thank you for your effort.
nakachalet
June 16th, 2013 05:45 PM
No Comment
TickMonster
April 17th, 2014 06:54 AM
Amazing indicator. Thank you a lot.
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