Maybe I'm just dense, but I can't seem to make this work out via visual/manual backtesting consistently on the ER2 - at least not without huge drawdowns on the myriad reversals...what are you guys using (time frames) to test this? Has anyone tried coding it in TS easylanguage? Ant where are you?
Feb, you mention "momentum" and "pace" of the breakout, and from looking at it, I can see that clearly some breakouts are easily spotted and some arent, that is, many breakout but reverse quickly. On the tick charts I have been trying to find an indicator that somehow conveys to us the "speed" a candle took to complete, and one possiblity is eKam's "hesitation" indicator - I have attched it here.
W