QFL bull bypass — Indicator by TheTradingParrot

supportandresistance backtesting backtest qfl qfl-trading bypass

This bypass indicator triggers plots 1 when the price is above the QFL base.

This can be used as a "bypass" by a consumer indicator that can skip trades when the bypass is triggering.

You can use it for long and short strategies, to prevent using buy or sell signals in areas were the price is either overextended.

QFL works better in 1, 2 or 4 hours timeframes.

Join our membership to gain access to the private scripts.
www.thetradingparrot.com

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?