This indicator is not like other indicators because it can filter trending and sideways markets.
]]>Previously I have used long/short indicator together with squeeze break indicator - then it was traded only long or short.
Playing is quite unconvenient, because I like to use often this indicator. I thouht that I would get a bug-fix release of squeze break indicator.
Please see this: http://codebase.mql4.com/5520
hi Zenoni,
thought about it a bit, and tell me what you think - there is a possibility to filter short trades out by using FSB indicator Long or Short, and for short trades just use logical group. BTW, does FSB Squeese break indicator involve Momentum as in the original .mql indicator?
This indicator is not like other indicators because it can filter trending and sideways markets.
]]>Open a new long position at the beginning of the bar when all the following logic conditions are satisfied:
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line is higher than the zero line; and
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line rises;
Open a new short position at the beginning of the bar when all the following logic conditions are satisfied:
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line is lower than the zero line; and
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line falls;
Read more about Squeeze Break Indicator: http://forexsb.com/forum/topic/1300/ind … filtering/
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