BigLead Trigger

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Category: MESA8

 

Input parameters

Name

Setting

Default

Optimization range

Tune

Number>0

1

0.25-2

Delta

Number>0

0.2

0.05-0.5

Price

Input time series

Close

 

 

Description

The Biglead Trigger indicator is the Biglead indicator delayed by one bar and reduced in amplitude by 5%.  It is best used by dragging it to the Biglead indicator subgraph so that the two indicators together definitively show cyclic turning points by their line crossings.  A buy indication occurs when the BigLead indicator crosses over the BigLead Trigger indicator.  A sell indication occurs when the BigLead indicator crosses under the BigLead Trigger indicator.  The Tune parameter adjusts the dominant cycle period relative to its measured value.  The Delta parameter is the bandwidth of  a bandpass filter in terms of +/- percent of the center period.  A smaller number gives a narrower bandwidth to eliminate extraneous cycle components and a larger number give a wider bandwidth to improve responsiveness to transients.