Hi!
I tested float in a few trades.
I have read the book of Steve Woods published here in the forum. Then I made a little search over another forums and I start to think this indicator seems to be different applications.
Most of traders use float to predict reversals, looking from top or bottoms.
Steve Woods in my (newbie) opinion has a different explanation about the use ( in the last screen is my interpetation)
Due to time problems I canīt extend my research of the correct way to use.
I attached a screen from my last trade.
I think the setup is completely empirical one and needs to be filtered with another indicator. Because itīs extremly important to predict the end of the trend/reversal with some exhaustion indicator for example.
I have another version wich I use to trade (first picture)...
Iīd like to work to find the best setup for this indicator. It has good potential.
Regards
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