Perhaps a system can be made of this?
When you know where the Lowest Low (LL) and the Highest High (HH) occur, you can say in the simplest form;
When the HH occurs after the LL then you are in an ascending phase and vice versa when the LL occurs after the HH then you are in a downward phase.
With the formulas:
LLBar = LowestBars[n](Low) you determine the bar where the LL occurs
HHBar = HighestBars[n](High) you determine the bar where the HH occurs
When LLBar > HHBar (Bullish)
When LLBar < HHBar (Bearish)
Of course, this is the simplest form but maybe with MTF, SL, TP, etc. we can improve this system.
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DefParam CumulateOrders = False
LLBar = LowestBars[n](Low)
HHBar = HighestBars[n](High)
If LLBar > HHBar then
Buy 1 Contracts at Market
ElsIf LlBar < HHBar then
SellShort 1 Contracts at Market
EndIf
Graph LLBar as “LowestBar”
Graph HHBar as “HighestBar”
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I think I understand what do you mean but not sure, it’s some think like the photo maybe, when the highest HH was occurs after the LL then you are in an ascending phase and vice versa, it’s the Dow law, and I think it’s also good for made the Stop Loss too (sorry for my english)
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