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Track 'n Trade Bulls 'n Bears Trading System
Higher/Lower Filter
Video Transcript
If you select the Higher/Lower Filter, the Bulls ‘n Bears mathematics will filter out any bar, prior to a bullish or bearish signal, where the bar has a lower close than its open when calculating a bullish arrow, or a higher close than its open when calculating a bearish arrow.
For example, in a bullish market, if the system mathematics indicate it should display a bullish arrow, but the previous price bar had a lower close than open, the system will wait, and not display the arrow. If the following bar then still falls within the mathematical parameters, and the previous bar has a higher close than open, the signal will be displayed.
This works in reverse for a bearish signal. If the previous bar to a signal has a higher close than open, the signal will not be displayed.