Hi Nicolas
Will you please convert this indicator for “us”?
Snake borders indicator uses High, Low price calculations from preceding bars. You can specify the maximum and minimum number of period settings. The indicator creates a band where price is more likely to live within.
Snake borders indicator is a neat little tool, if you plan on taking very short-term- trading as a career. Not that it doesn’t work for swing trading or position trading. It’s because the dynamics of the strategy for Snake borders, sometimes requires taking trades against the trend.
The term – trend, is subjective and depends on the time frame you are trading. However its a very profitable habit to always look for the next impulse move to the same direction of the trend. If you are uncomfortable taking short-term profits against a possible long-term trend, you can use filtering to take trades only in the direction of the main long-term trend.
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