––––History & Credit –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– This indicator/screener is inspired by the methodology of a great momentum master - Dan Zanger. Dan holds the world record for higher % gain in a 12month period, which was achieved in 1998 and has not been broken since. One of the secrets he has shared with the world is his famous...
––––History & Credit Developed by Dr. Van Tharp, SQN it is the ratio between the R-expectancy and its standard deviation, multiplied by the square root of the number of trades. Here is an extract of Dr.Tharp's blog post: Importance of Market Type Basically, my definition of a bull market is one that’s going up. A neutral (or sideways) market is one that moves...
Given that we are primarily focussed on trend-following, we built this indicator in a quest to assess the "quality" of a market. It was adapted primarily from methods that trading coach Dr. Van Tharp popularised, namely to do with his SQN. This indicator has 5 zones that act to classify the market: Strong Bull - Dark Green Bull - Green Neutral - Grey Bear -...