Please Help creating this scan in TOS
It is rather simple, but may be a little difficult to write in TOS
The graph below shows the characteristics of this scan on the bar with arrows.
Below I am describing possible set up to the upside. Opposite will be true for the downside.
Here is a closeup of the above graph
It is rather simple, but may be a little difficult to write in TOS
The graph below shows the characteristics of this scan on the bar with arrows.
Below I am describing possible set up to the upside. Opposite will be true for the downside.
- Price opened Below Bollinger Band
- Price Closed Below Bollinger Band
- Price opened Below Liner Regression Channel
- Price Closed Below Regression Channel
- Bar is a shooting Star, & its color is not important.
- It is important that bar has these characteristics.
- The colored section of bar is 1/6 or less the length of the bar
- The colored section of bar is at Top of that bar
- The Shadow is 5/6 or more the length of the bar
- The Shadow is at bottom of the bar.
Here is a closeup of the above graph