Just yesterday I was trying this. But here again I am trying to filter out the sideways whipsaws (or false signals) which I am unable to identify.
I tried with default 7,3. Even tried that 3 supertrend combo. Some said to use 5,1.5. That led to more false signals. I even tried this with Heinkin Ashi but that led to just generating brokerage in sideways.
How you are using it?
If there is no way to identify sideways early, can you please help me selecting the stocks that actually move.
Top gainers, losers, oi spurts, etc. don’t work for me bcoz of the next day most of them don’t move for me. Am i missing something.