Fake-Out Indicator
The signal comes from the "RailRoad" candlestick pattern breaking a support/resistance level, which typically indicates price will respect that level.
How consistent is the pattern? Hard to say considering candlestick patterns vary wildly by % change between different securities.
I didn't implement any kind of "fuzzy logic" for this strategy, though it would benefit greatly from it.
There are many instances where a fixed% simply doesn't catch a winning trade from a "bounce" off a S/R level.
How consistent is the pattern? Hard to say considering candlestick patterns vary wildly by % change between different securities.
I didn't implement any kind of "fuzzy logic" for this strategy, though it would benefit greatly from it.
There are many instances where a fixed% simply doesn't catch a winning trade from a "bounce" off a S/R level.
Algo Trading Simplified 👉 PaxAlgo.com
Discover the easy way to manage Futures trading accounts. Trusted by traders globally.
Discover the easy way to manage Futures trading accounts. Trusted by traders globally.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Algo Trading Simplified 👉 PaxAlgo.com
Discover the easy way to manage Futures trading accounts. Trusted by traders globally.
Discover the easy way to manage Futures trading accounts. Trusted by traders globally.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.