Trades after the fact

[Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>]

If you put this indicator on the S&P using points set scaled to price it
works like a swing only just one bar behind. I tried to use time set one on
a four minute chart and trade on a five minute. Use some filters but gave
it up. Its original writer call it something different strainer I think
can't remember. But the higher the setting and time make it look like you
could use it to trade. Let the ones who know decide if it has any value
used like this. An idea of finding a leading indicator using time.


INPUT:BQUALIFY(2),PQUALIFY(2);

IF H >= H[1] AND L >= L[1] THEN BEGIN
    IF VALUE2 >= BQUALIFY  THEN BEGIN

 PLOT3(L[1],"MAJLOW");
         
        IF CHECKALERT THEN ALERT = TRUE; 
    END;
    IF VALUE2 > 0 THEN
    Value5=L[1];   
    VALUE1 = VALUE1+1;
    VALUE3 = VALUE1;
    VALUE2 = 0;
END;

IF L <= L[1] AND H <= H[1] THEN BEGIN
    IF VALUE1 >= BQUALIFY THEN BEGIN

PLOT4(H[1],"MAJHIGH"); 
         
        IF CHECKALERT THEN ALERT = TRUE;
    END;
    IF VALUE1 > 0 THEN
    VALUE6 = H[1];
    VALUE2 = VALUE2 +1;
    VALUE4 = VALUE2;
    VALUE1 = 0;
END;