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Thread: MultiREMAExtended indicator for Bloodhound use

  1. #1
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    MultiREMAExtended indicator for Bloodhound use

    The document attached to this post contains the codes exposed and the DataSeries used for each option by the MultiREMAExtendedBH indicator. It will be updated here when and if new options are added or changes made.

    Please consider this indicator a prototype (and use accordingly) to identify making programming changes to indicators so that they can be more effectively used in BH (or BB if applicable). Part of the intent is to identify and evaluate were it might be better to make code changes to either simplify what needs to be done using solvers, etc. to produce the same results that might be more easily and efficiently done by modifying the indicators' code.



    Document Date: 03/27/2018
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  2. #2
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    Re: MultiREMAExtended indicator for Bloodhound use

    The included screenshot gives an example of how this indicator might be used to help determine entry and exit points. But more importantly how, by modifying an indicator in a somewhat unconventional manner, might expose things that would otherwise not be seen or used. Using a specific option this indicator can produce up to 19 codes of how a price moves in a trading range.

    However two important things to consider; (1) the example shown was "cherry-picked" to show good results and optimum conditions, and 2. Renko bars (SiBacktest in this example) already filter out a lot of the price choppiness which certainly helps. Other BT Renko bar setting or other bar types will undoubtedly produce different results.

    So as a warning, in no manner am I suggesting that this indicator be used as one's strategy or even as part of it before doing a lot more due-diligence. As stated above my primary purpose is to test the concept of modifying indicators a bit differently then one typically finds and this one was a good candidate.
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