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baguette by multigrain

アップデート済

Rationale
The rationale behind this indicator is that: when the price of an asset reaches an extreme, regardless of the trend, there is a (maybe not equal but) opposite reaction.

Settings
The default settings will not be the best for whatever timeframe you choose. I personally believe a longer than 'normal' JMA Length is best.

JMA Source: The source in which the Jurik Moving Average calculations are based off of.
JMA Length: Controls the length of the Jurik Moving Average.
JMA Phase: A lag controller of sorts. Increasing the phase increases overshoots but reduces lag, decreasing the phase decreases overshoots but increases lag.
ATR Length: The length in which an average true range value will be calculated with.
ATR Multiplier: This multiplier controls the 'width' of our envelope or our extreme bands.

Credits

gorx1 for the improved and more accurate (?) Jurik Moving Average calculations.
RedKTrader for the ATR envelope calculations.

リリースノート

included alerts for long and short indications.

リリースノート

realigned input code.

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