Found this indicator on a site which offers many indicators for download. I tried to run this in backtest and it appears that the signals are amazing however... sometimes backtest can be unreliable correct? There seems to be no bar delay (ie doesnt paint bars back etc) and to me it seems like a winner but it seems all to good to be true.
I dont know what this indicator is based on, fibonacci maybe>? Anyone who is tech savvy with code willing to dig a bit into the body of this indicator?
Here is a video i made of a backtest-
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I dont know what this indicator is based on, fibonacci maybe>? Anyone who is tech savvy with code willing to dig a bit into the body of this indicator?
Here is a video i made of a backtest-
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