TrendCatcher indicator

Looks like PSAR but it's holding value for a while, Tried that first as it's free ??

Step 0.008 and Max 0.08 my prefered settings.
 
MKTrader said:
Another lagging indicator with zero evidence of a statistical edge. Disregard.
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Basic Momo indicator, PSAR works in a direction is up or down currently ( subject to change obvs ) but if your looking to join and add some logic to join then it kinda works, never that simple mind.

* PSAR doesn't call the bottom till it breaks out, so doesn't work as well as it looks, warning.
 
MKTrader said:
Another lagging indicator with zero evidence of a statistical edge. Disregard.
More...
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Looks like PSAR;
except they name it trend catcher. And I used Keltner channels, not sure why that name is even on the charts. PSAR so seldom works I don't miss it when I leave it off LOL. But if silver ever gets around $50 or $65, I may or may not use it again .................................................
 
murray t turtle said:
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Looks like PSAR;
except they name it trend catcher. And I used Keltner channels, not sure why that name is even on the charts. PSAR so seldom works I don't miss it when I leave it off LOL. But if silver ever gets around $50 or $65, I may or may not use it again .................................................
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I switch it on and off, it's an extra Visual Trend sign to trade along with, but ofcourse it gets it wrong a lot, it's only a basic bit of math.

To Slay my Counter Trend Gamble Demon!!
 
Turveyd said:
I switch it on and off, it's an extra Visual Trend sign to trade along with, but ofcourse it gets it wrong a lot, it's only a basic bit of math.

To Slay my Counter Trend Gamble Demon!!
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LOL ;counter trend is not really a gamble or demon. But I've seen systems with it/used it some + it makes so little compared to trends; have to keep that in mind.
 
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