Just been playing around with an old indi - TROs variatino of toptrend which I believe was BBStop renamed.I was looking for something similar to 3CC that was clearer for me to read and maybe I've found it.
Here's the weekly chart. You'll notice how and when with the settings I've used the dots and lines change:
Now there is a MTF version of BBStop available but I suspect it has the same problem as most MTF indis. So I've used TROs indi and altered the numbers accordingly - this is going to work slightly differently to a MTF indi in that it will calculate back on the periods i.e. it's not working off weekly bars etc (a bit like you'd do the numbers on MAs) - i.e. more akin to 3cc.
Here it is on the minute chart where I've been watching to see if it does what I expect:
And on the hourly:
Entry on the hourly must be with 4hourly and pref with daily 'trend'. If going counter-trend there are three things to note, 2 again you ideally go with the 4hourly, and your target is the daily (i.e. zero out) so if the potential r:r isn't there you don't take it. Likewise for where 4hour and daily 'trends' are likely to run.
All the same stuff but another way of seeing it.
