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Dual Thrust Trading Algorithm

The Dual Thrust trading algorithm is a famous strategy developed by Michael Chalek. It has been commonly used in futures , forex and equity markets. The idea of Dual Thrust is similar to a typical breakout system, however dual thrust uses the historical price to construct update the look back period - theoretically making it more stable in any given period.
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.

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Comments

I love your work. Thank you for sharing
+3 Reply
chrysopoetics jaggedsoft
@jaggedsoft, couldn't agree more, keep it up man
Reply
What time frame u use?
+1 Reply
There is an error. It doesn't work neither indicator nor stragegy.
Processing script...
Script could not be translated from: )|E|
|B|mlen
Script 'Dual Thrust Trading Algo' has been saved
Processing script...
Script could not be translated from: )|E|
|B|mlen
Script 'DualThrustTradingSystem' has been saved
Add to Chart operation failed, reason: Script could not be translated from: )|E|
|B|mlen
Reply
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