Uses VDAX (dax volatility index) to calculate the expected daily range of the Dax.
Input the dax previous days close
This value: www.investing.com
The indicator will do the rest
It is my first own script based on my own thoughts.
This works without repainting because it uses only price action: open & close.
Play with offset/offset_to close to find out better weights for your playing style.
Try GER30 in 5min with 6.36/2.54 or 1 Min 3.46/0.14.
Works very well with JPN225, US30, S&P. For USOIL-> 0.0201/0.001 try:)
Enjoy the script!
I adapted two successeful strategies: chop & vdub FX Sniper v3.
Features: very smart stop losses. Repaints are minimal (if any?). I have good feeling for using this strategy @ realtime. try 5m, 1h. Very impressive for SPX500, US30... and GER30 !!