Dr K’s market direction model

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  • #149787 quote
    Alfy
    Participant
    Average

    Hi guys, i’m trying to recreate the above model that comes from the book “Trade like an O’Neill disciple.”  The model creates a buy signal when the market rallies more than 2% on volume higher than the day previous when it is the 4th-7th trading day from the low itself. A sell signal is generated when the market breaks the low of the 5th distribution day in the last 20 trading days. A distribution day is a day when the market is down more than -0.1% from the day previous on higher volume than the previous day or when the market is up less than 0.1% on the day but closes in the bottom 1/4 of the days trading range with volume higher than the previous day. Any help would be much appreciated.

    #149902 quote
    Nicolas
    Keymaster
    Master

    Sorry but I do not see the “above model”?

    #149904 quote
    Alfy
    Participant
    Average

    Hi Nicolas, havent i described the model in my comment or am i doing something incorrectly? Best regards

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Dr K’s market direction model


ProBuilder: Indicators & Custom Tools

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Alfy @alfy Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by Alfy
5 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/07/2020
Status: Active
Attachments: No files
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