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Braid Filter

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Summary: The Braid Filter show the strength of a trend and can be used as a confirmation indicator.
Braid Filter On the Charts
The Braid filter is essentially the difference in high and low values taken from three exponential moving averages of differing lengths. This difference is then compared to the Average True Range of the price action to determine if the current trend is strong.
The parameters of the Braid Filter can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "Braid Filter" Product Definition.
Braid Filter Products & Properties
Product Setting Product Variable Properties
BraidFilter BrFilt value, filter
Example:
A simple strategy can be built by entering a trade when the braid value is above the filter value:
 chart.at45min.BrFilt.value > chart.at45min.BrFilt.filter
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