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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