SF-6 Trend Indicator for Distinguishing Trend and Pullback Bars
Summary
SF-6 is described as a trend indicator that distinguishes stronger trend bars from weaker bars. The color of the thick bars indicates trend direction, while thin bars mark a possible pullback against that direction. This gives traders a visual way to follow a trend and notice potential retracements without treating every counter-move as a confirmed reversal.
The document identifies the indicator’s author and says an earlier MQL4 implementation was published in 2010. It offers no formula, parameter settings, trading rules, chart example details, or empirical results, so it does not explain how the bars are calculated or how reliably they identify trend changes. The pullback cue should therefore be treated as a visual interpretation aid rather than a validated entry or exit signal. No market, timeframe, or risk-management approach is specified.
Key ideas
- Thick bar colors are used to show the indicator’s trend direction.
- Thin bars are presented as possible pullbacks within the trend.
- The description gives no calculation method, settings, or tested performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.