SilverTrend Sv2

Category: trend, momentum

A variation of the SilverTrend indicator that calculates a breakout level based on the highest high and lowest low over a lookback period (SSP) adjusted by a percentage factor (Kmax).

Formula

SsMax = max(High, SSP); SsMin = min(Low, SSP); level = SsMax - (SsMax - SsMin) * (Kmax / 100); Signal depends on the comparison of shifted level buffers.

Inputs

• SSP (default: 7)
• Kmax (default: 50.6)
• Alerts (default: False)
• CountBars (default: 300)

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