CW - baseline

What is Baseline?

Baseline acts as powerful filter for CW-Lynx. With this indicator, you can easily tell if market is in uptrend or downtrend.

Market is in uptrend if baseline turns green, and market is in downtrend if baseline turns red.


Settings


Default Base Line Settings allow us to input the Smoothing Type, Length, Source, and Time Frame (Multi-Time Frame Function) desired. There is another option here for Channel Multiplier. There is a Keltner Channel surrounding the Base Line, you can adjust it's width with this setting.

Strategy

Baseline acts as trend detector, and as filter for Lynx indicator.