CycleTraderPro Close Strength Value Bressert
- Indicatori
- Jerome Bressert
- Versione: 1.0
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.