MOGALEF Trend Filter.
MOGALEF TREND FILTER
The ultimate Trend Filter for Trading
This indicator requires a regulation from two to three parameters of length (R2 and R3, possibly R1). It has to correspond to the trends and ranges.
Valors 1 and 2 are for the downtrends,
3,4,5,6 for ranges according to respectively the uptrends and the downtrends,
7 and 8 for the uptrend.
The selection can then be automatic. We can see pertinence of a strategy onto uptrends for example, then automatically trade only these uptrends.
This indicator is very reactive and very stable. Its use constitutes a major step forward for the automatic trading.