Larsson Line

1 มิ.ย. 2020

The Larsson line supports trend trading of tech assets over long timeframes:
- Trend trading (unsuitable for range trading)
- 4h candles to monthly candles (less suitable for hourly candles, unsuitable for high-frequency trading)
- Tech stocks and cryptocurrencies (not designed for commodities)

The indicator can aid traders following a rule based trading system by providing measure of trend consistency that is always in exactly 1 of 3 states - up, down or inconclusive, while masking inner states.
This edition handles more edge cases than the previous indicator and is intended to replace it after a period of live use.