Follow-Line Indicator with ATR, Higher-Timeframe, and Angle Filters

Summary

This indicator builds a follow line from price relative to a moving-average and standard-deviation band. When price moves above or below the band, the line follows the corresponding side of the bar, optionally offset by ATR, and holds its prior value while price remains between the bands. The source also includes higher-timeframe settings, moving-average choices, angle-based buy and sell filters, and options for adding or reducing signals. A directional-movement and ADX calculation appears near the end of the shown source.

The parameters allow users to change the band period and deviation, ATR settings, moving-average type, timeframe, and angle thresholds. Published backtest settings specify BTC/USDT futures over a short interval, but the document gives no performance results or clear evaluation of signal quality. The available source is truncated, so the exact behavior of all higher-timeframe and signal-adjustment options cannot be fully assessed. As with other band-following indicators, outcomes depend on settings and market conditions; the document does not establish that the indicator is profitable.

Key ideas

• The follow line changes direction when price moves beyond a moving-average and standard-deviation band.
• An optional ATR filter offsets the line from bar extremes and can hold its prior value inside the band.
• The indicator offers higher-timeframe settings and angle-based filters for buy, sell, add, and reduce signals.
• The provided backtest configuration reports no performance results.
• The source is incomplete, limiting assessment of the full signal logic.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.