Here is a way to dramatically improve the doubleDown algorithm, still the same works good on 1 min EURUSD but mush more satisfactory results: here is the results from Jan 2006 to date:
I hope you like it and please rate it if you like it so others can know.
The Mass Index is intended for detection of trend turns based on changes in the bandwidth between the maximal and the minimal price. If the bandwidth expands, the Mass Index increases, if it narrows, the index decreases.Volume Rate of Change - VROC
The indicator is equivalent of one of the oldest classical indicators, ROC. The prices are replaced with volumes in this present indicator.