Counter Force II

A quick lesson on why quick lessons are important.

Apply the new filer changes & zoom out.

if (High[i]>iBands(symbol,0,216,1.8,0,PRICE_MEDIAN,MODE_UPPER,i) && (iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)-iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)>1100*Point || Low[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)) && ExtATRBuffer3[i]>0) ExtATRBuffer4[i]=ExtATRBuffer3[i]; 
 if (Low[i]<iBands(symbol,0,216,1.8,0,PRICE_MEDIAN,MODE_LOWER,i) && (iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)-iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)>1100*Point || High[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)) && ExtATRBuffer3[i]<0) ExtATRBuffer5[i]=ExtATRBuffer3[i];  
}

What do you see?

Can taking volatility measurements and applying some filters tell you the type of the market at a single glance? Look at the green and the red highlights. Which is more? Are there streaks of reds? Aren’ those 3 lows make up a line?

I’ve got the predicting power

3 images to make a point about them streaks (gatherings).

The streaks are followed by a correction that is in excess of 136 pips, and may get as deep as 220.

This sounds as some rather tradeable information.

One of the ideas I introduce at this point is the need for at least 2 green strike outs where the first one cannot have the entire body of the hourly candle outside the 30 sample hourly BB (HL2).