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Hi,
A brief counter-trend pullback occurs when BandWidth is > 3% of the
Moving Average and a breakout occurs when BandWidth is < 3% of the
Moving Average and accordingly I place the limits on the orders.
I also use 6 bar Gann swing points to project the limits into the
future.
Pal
--- In amibroker@xxxxxxxxxxxxxxx, "sloughbridge" <sloughbridge@xxxx>
wrote:
> --- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx>
wrote:
>
> > Interpret the signal as to whether it is a breakout or a counter-
> > trend change pullback using volatility (Bandwidth based on BB or
> ATR
> > bands, CVol and HVR).
>
> Interesting stuff. Could you say more about distinguishing a
brief
> countertrend move from a breakout?
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