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Trading Trendline Breaks, part 2

In his article "Trading Trendline Breaks, Part 2," Sylvain Vervoort demonstrates techniques on how to apply breaks in trendlines to your market analysis and trading.

Tradecision's Strategy Builder enables you to recreate the Trading Trendline Breaks system based on the concept explained by Vervoort in his article.
Entry Long 

var

  zz0:=Zig(0.001, PERCENT);
  zz1:=zz0\1\;
  zz2:=zz0\2\;
  tr:=ValueWhen( zz0 >zz1 and zz1 < zz2, zz1);
  pk:=ValueWhen( zz0 < zz1 and zz1 >zz2, zz1);
  PU:=tr + Abs(tr) * 0.0005;
  PD:=pk - Abs(pk) * 0.0005;
  res:=iff(Close >= PU and zz0 >zz1, 1, 
iff(Close <= PD and zz0 < zz1, -1, 0)); res_1:=iff(res <> 0, res, NthValueWhen(1,
res <> 0, res)); end_var println(0,res_1); return res_1 = 1 and res_1\1\ = -1; Entry Short var zz0:=Zig(0.001, PERCENT); zz1:=zz0\1\; zz2:=zz0\2\; tr:=ValueWhen( zz0 >zz1 and zz1 < zz2, zz1); pk:=ValueWhen( zz0 < zz1 and zz1 >zz2, zz1); PU:=tr + Abs(tr) * 0.0005; PD:=pk - Abs(pk) * 0.0005; res:=iff(Close >= PU and zz0 >zz1, 1,
iff(Close <= PD and zz0 < zz1, -1, 0)); res_1:=iff(res <> 0, res, ValueWhen(
res <> 0, res)); end_var return res_1 = -1 and res_1\1\ = 1;


Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
Trading Trendline Breaks, part 2
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