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strategy for "Congestion Box For Range Bars" indicator

On this site, someone posted a "Congestion Box For Range Bars" indicator. The attached is a strategy that takes signals based on the congestion box concept, but slightly different in that this strat takes a trade long or short on the bar immediately following the last bar in the congestion box. Currently, the strat is coded so that it runs on currency futures (6A, 6E, etc.) or crude futures (CL). You'd have to adjust the breakeven, stop and profit targets by multiplying by 10, I believe, to run on spot fx.

good luck.

Category The Elite Circle

Details: strategy for "Congestion Box For Range Bars" indicator
Category: The Elite Circle

October 27th, 2012
Size: 7.98 KB

Comments/ratings

brevco November 27th, 2012 12:37 PM

They seem to work with Hybrid Renko also.

brevco November 27th, 2012 12:45 PM

No Comment

Future4 December 14th, 2012 07:48 PM

I have only back-tested your strategy so far, and it works best with "Unirenko" like T3R4O3. Thank you for your effort.

nakachalet June 16th, 2013 05:45 PM

No Comment

TickMonster April 17th, 2014 06:54 AM

Amazing indicator. Thank you a lot.