What is the OpenClose Plus ? This is an enhanced version of the OpenClose Setup with a special trend filter that improves the performance of the signals. OpenClose is a configuration that is mainly related to the color of the bars. Hence the name, since the color of the candle depends on whether the close is above or below the open. For example, an OpenClose of 2 Candles, looks for 2 consecutive candles of the same color, as in this example: If we look at these signals. they are identifying pivots; of maximums and minimums Now, if we only paint those long signals where the last maximum is greater, and the last minimum is also greater than the previous one, we have the following signals: We only have one long because the current minimum is higher than the previous one (the previous minimum did not break) and also the current maximum is higher than the previous one (the market has broken the previous maximum) This is the filter of the New OpenClose Plus ... ...
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