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QWT LoL Indicator

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  • Download 73
  • File Size 162.55 KB
  • File Count 1
  • Create Date April 8, 2024
  • Last Updated May 29, 2024

QWT LoL Indicator

QW LoL is a new concept indicator. L o L stands for Limit of Length. That is what we are looking for in situations where the market is moving sideways but there is a trending inside the curve. The challenge would be identifying the length of curve and estimate with good probability that the price would rebate. Then we found the limit of length for market reversion.
Traders should look for the crossover moments of the green and red lines. When the green line crosses under the red represents a buy signal or market gaining momentum for purchase. The blue bars show when the momentum loses strength and starts a reverse trend that it is only confirmed with the next bars crossover. When the blue line interrupts the sequence it is an opportunity to exit the trade. This indicator works with indexes or currencies, the ^ Period ^ parameter is used to count the previous bars. When the market varies greatly the best analysis is to increase the bars and the value of the ^ Period ^ to avoid interpreting noise in the price.