A Support-and-Resistance Trend Strategy with Climax Signals and Risk Controls
Summary
Boxes Trail combines rolling price extremes with a modified Hull moving average to plot dynamic support and resistance levels and identify trend direction. Its entry logic uses crossings between trailing levels, with separate long and short signals. The description also includes a brick-like price direction calculation that can use either an average true range setting or a fixed value, plus optional chart overlays. A pyramiding control limits repeated entries, and configurable percentage take-profit and stop-loss levels generate exit signals.
The indicator classifies price bars using range and price-position calculations into categories such as low-volume, climax, and churn conditions. These classifications influence supply and support lines, while alerts and chart markers identify entries and exits. The supplied material describes the rules and parameters but reports no backtest, market, or execution results. Its claims about trend changes and risk control are therefore not evidence of profitability; the many configurable conditions would need testing for the intended instrument and timeframe.
Key ideas
- Rolling highs and lows define dynamic support and resistance levels.
- A modified Hull moving average and trailing-level crossings contribute to trend and entry signals.
- Price and range conditions classify bars into climax, churn, and low-volume groups that affect trailing levels.
- Optional percentage-based profit targets and stop losses define exit signals.
- Pyramiding, display, and alert settings are configurable, but no performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.