Wells Wilder Indicator Reactor
The original script was posted on ProRealCode by user TradeRanger.
This program allocates points to a running total when the conditions of an indicator are reached Scores are between 1-5 as follows:
1 - Ranging Market. Do not trade
2 - Trend may be forming. Do not trade
3 - Early stages of trend. Monitor
4 - Trending Market. Trade
5 - Strong Trending Market. Trade
Negative scale is for bearish market.
You can also use this Indicator when it crosses zero line, but it's a bit more risky.
This program allocates points to a running total when the conditions of an indicator are reached Scores are between 1-5 as follows:
1 - Ranging Market. Do not trade
2 - Trend may be forming. Do not trade
3 - Early stages of trend. Monitor
4 - Trending Market. Trade
5 - Strong Trending Market. Trade
Negative scale is for bearish market.
You can also use this Indicator when it crosses zero line, but it's a bit more risky.