[waveslider]

Hi David.

I'm glad you are finding good use for this. Regarding your question - -3 is a pretty key number here to use in identifying the important pivots. There needs to be adequate indication of strength, I think you need at least 3 consecutive bars.

Sounds like you are using it as an exit stop. Personally I wouldn't use it as a trailing stop because it doesn't actually trail. Try using a parabolic or volatility stop instead.

I tested the 3 bar and it works best as an entry point at the beginning of a new trend. You enter once the level is broken and tested from the opposite side. Kind of like Walter's flip trade he talks about.