Braid Filter

Category: trend, volatility

Measures the spread between three moving averages (Braid) and filters the signal against an ATR-derived volatility threshold to identify trend strength and direction.

Formula

ma_1 = MA(Close, p_1)\\nma_2 = MA(Open, p_2)\\nma_3 = MA(Close, p_3)\\ndif = max(ma_1, ma_2, ma_3) - min(ma_1, ma_2, ma_3)\\nfilter = ATR(2 \cdot ATRPeriod - 1) \cdot \frac{PipsMinSepPercent}{100}\\nSignal = \begin{cases} Bullish & \text{if } ma_1 > ma_2 \text{ and } dif > filter \\ Bearish & \text{if } ma_2 > ma_1 \text{ and } dif > filter \\ Neutral & \text{otherwise} \end{cases}

Inputs

• MAperiod1 (default: 3)
• MAperiod2 (default: 7)
• MAperiod3 (default: 14)
• ATRPeriod (default: 14)
• PipsMinSepPercent (default: 40)
• ModeMA (default: MODE_SMMA)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.