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nilux
Aug 3, 2020 11:33 AM

FLIX Trail - Chop Zone Settings 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Helper Tool for the FLIX Trail 4.0 - Chop Filter
The goal is to filter sideways or ranging action with the help of this oscillator. It calculates the %-distance of the price to a moving average so you can filter signals around the center line.
The upper and lower line are thresholds to catch reversals of the trend when the distance to moving average is too wide. Eventually everything returns to it's baseline :)

Thanks @dgtrd and @imzeeshan for the inspiration 🙏
Comments
dgtrd
chop/range filter, clever idea. clearly shows when to trade and when not, excellent
ramachandran25
really nice idea, however, it's not working for me. It shows blank. Can you please help me?
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