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Shared Scans
Squat Bar
Name
Squat Bar
Submitted
by
CareerDayTrader
Periodicity
1 minute
HI: High
LO: Low
VO: Volume
Explanation
Its a squat bar and works great on a 1 min chart. Here's the code. I'm looking for pattern recognition code preferably using volume as well. The code below works very well. It either predicts a reversal, but if it doesn't reverse it usually causes a huge move in the same direction. So if you're wrong and reverse you usually get your loss back plus more, in stocks not the futures.
Buy
Signal
LO<LO1 AND LO1<LO2 AND LO2<LO3 AND ((HI-LO)/VO)<((HI1-LO1)/VO1) AND ((HI-LO)/VO)<((HI2-LO2)/VO2)
Sell
Signal
HI>HI1 AND HI1>HI2 AND HI2>HI3 AND ((HI-LO)/VO)<((HI1-LO1)/VO1) AND ((HI-LO)/VO)<((HI2-LO2)/VO2)