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-There is information in the Trader masterclass book -Wetsel Market
Bureau Inc. about exhaustion gaps. The idea being that the last
sellers jumpship and the shares then duly turn up shortly thereafter
and the reverse for the last buyers before a share turns down.
My own code I have written based on my understanding of the
phenomenon is :-
exhaustion gap down--buy--:-
When(C,>=,HHV(C,8)) AND Alert(When(O,<,Ref(L,-1) ) AND Alert( When
(C,=, LLV(C ,15 )),3),18)
exhaustion gap up----sell--:-
When(C,<=,LLV(C,8)) AND Alert(When(O,>,Ref(H,-1) ) AND Alert( When
(C,=, HHV(C ,15 )),3),18)
-- In Metastockusers@xxxx, <uhehs@xxxx> wrote:
> Can some one point me in the right direction.
>
> I would like to study the use of these Bars; get the Indicator
Code also.
>
> Thank you in advance for any help.
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