This is the next evolution in the Bull Bear Filter system, and while it may look plain, its quite powerful.
Utilizing the price action leading qualities of BBF , we then apply a transform to the vanilla BBF value. This results in an excellent timing indicator.
Default Settings are optimized for XBTUSD / BTCUSD on the 1 hour timeframe. Going into higher timeframes will require different settings, as will going into lower timeframes. I will tackle some default setups in another idea later this week.
In high or noisy price action situations you may want to enable the option. This will further de-noise the signal and assist with finding trend in choppy markets.
The overbought and oversold zones are configurable from options, as are the standard variables.
To clarify ahead of time: No, this is not , its the Bull Bear Filter value with a transform applied to it. You can also use this indicator on any market, timeframe or coin with some small adjustments to the settings.
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