Q – Next NT8
Q-Next is the latest addition to our suite of indicators.
It accurately detects trend changes and estimate the Next support or resistance level as the trend develops.
As a resistance level gets broken it finds the next resistance level higher. Vice Versa for down trends.
When a trend is perceived to be failing it adjusts the support or resistance against the trend.
Q-Next adjust to:
- Periods of volatility shocks.
- Slow trending periods.
- Fast trending periods.
- Periods when the market is range bound.
It has 4 optimization parameters that needs to be optimized to accurately filter out the noise, detect the trend and model the indicator to the instrument`s unique characteristics.
an Optimization strategy is included in the download. Simply run an optimization on the parameters.