This filter will exit any positions that go out of the “Goldilocks Zone”.
Goldilocks Zone is the price range that's neither too high nor too low. So if you're trading Long Positions, this filter makes sure your Positions do not drop below the Goldilocks Zone. Alternatively, if you're trading Short Positions, it makes sure your Positions do not go above the Zone.
This filter is best used as a Sell Filter (stop-loss).
There's an advanced version of this filter, where you can access more parameters. If you wish to upgrade your license, please contact our Customer Support team at firstname.lastname@example.org.