CycleTraderPro Close Strength Value Bressert

2

The CycleTraderPro Close Strength Value Indicator measures the distance from the OPEN of a new bar to the CLOSE of that bar.

Input -

length = 10 default

We add these values together going back the the length setting.

If the 1st bar was plus 10 ticks and then the next bar was minus 7 ticks, then this would register +3

There are 2 ways to trade Close Strength Value:

1. Trading in the direction of lower highs and lower lows and vice versa for buys, higher highs, and higher lows. 

2. Trade when the indicator crosses the mid-zero point in the direction of color. Red = Sell / Green = Buy.

Close Strength will also illustrate a histogram chart to view past moves to see how far the market can reach before stopping or reversing. 

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The CycleTraderPro Orange Line - Bressert DDS - DoubleStoch - My father, Walter Bressert made these DDS famous for years. They work with code from stochastic and then smooths them out one more time using just 1 line. Depending on the length of the indicators, longer being for more trends and shorter for scalping the markets, the Orange Line is a 100 length.  There are 2 ways to trade the Orange Line: 1. Trade above and below the 50 level in the same direction. Above is a buy, below is a sell and
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nunovski
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nunovski 2025.01.19 22:40 

In the end I will not use it Not clear if works

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