Inspired by the QQE's filter, this filter applies the process directly to price rather than to a smoothed .
First, a smooth average price range is calculated for the basis of the filter and multiplied by a specified amount.
Next, the filter is calculated by gating price movements that do not exceed the specified range.
Lastly the target ranges are plotted to display the prices that will trigger filter movement.
Custom bar colors are included. The color scheme is based on the filtered price trend."
Thanks to Donovan Wall...
I have tested the backtest and it gives better results in 2h and with ETH and TRX has 65% of profitability and 2.5 factor of profits always using "once per bar close" and with normal candles. No script is perfect in all cryptos you know. In other cryptos bad results. If you like the risk you can use "once per bar" but the signal is not confirmed although much better profit.
Soon I will publish the backtest.