OPEN-SOURCE SCRIPT

QFL bull bypass

5311
This bypass indicator triggers plots 1 when the price is above the QFL base.

This can be used as a "bypass" by a consumer indicator that can skip trades when the bypass is triggering.

You can use it for long and short strategies, to prevent using buy or sell signals in areas were the price is either overextended.

QFL works better in 1, 2 or 4 hours timeframes.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.