Catching large quick moves?

[rhaymg]

I’m a novice so forgive me if I’m using wrong terms.

I am trading micro gold futures /MGC. My setup is Bollinger Bands and I found a trading method that uses a Simple Moving Average and a Moving Average Exponential…the trigger to consider getting in is when the Moving Avg Exp line crosses the SMA line. I trade on 1M, 2M and 5M charts I use to confirm the move. My goal is to get 3-4 points and get out. I do this a few times a day Sometimes I will stay in longer if the momentum indicator is going in the right direction.

What I’m trying to figure out is how I can take advantage or see some type of indicator when the price moves big (at least in my terms) and quick. See the attached image to show what I’m talking about. The price drops about 20 points in a matter of a few minutes and back up just as quick.

Any type of indicator to predict or determine when these types of price jumps?

Thanks,

Robert

 

[BenTen]

The price drops about 20 points in a matter of a few minutes and back up just as quick.

You're probably looking for something like the Pinbar candlestick pattern https://usethinkscript.com/threads/pin-bar-reversal-indicator-for-thinkorswim.156/