Is there a scanner for the Red Dog Reversal strategy?

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divinci01

New member
So I have been on the search for a scanner for the Scott Redler 'Red Dog Reversal' strategy that he uses. He shares the setup on Twitter quite frequently and as far as I can tell it's very powerful when a stock alerts. I will post links but the gist is this..Stock XYZ has been beaten up and down 2-3 bars consecutively. The following day the price trades below previous day low and then back through. The result can be a powerful reversal move from red to green. Vice versa for stocks trending up 2-3bars. The problem I'm having is setting up the scanner to grab price as it crosses back through previous day high or low. Hopefully I have provided enough information. Any advice on the scanner setup would be super helpful. (Also when I asked him on Twitter about a scanner he said that he just eyeballs them on certain stocks.)

Here is a link he provides for the strategy. https://www.t3live.com/blog/scott-redler-rdr-fast-cash-lesson-one/
 
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Rob S

New member
You can create your own in TOS using the candlestick pattern tool scanner then put this in a scan and have stocks pop up in a watchlist that meet the RDR criteria. This one i did may get you started for RDR buys. Do the opposite for sells- been playing around so not sure if this one is the final but youll get the idea to create your own. https://tos.mx/baWGqwB


Ameritrade article on pattern tool. https://tickertape.tdameritrade.com/tools/candlestick-pattern-tool-15767
 
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pk1729

Member
VIP
@Rob S for some reason I am unable to save your study in Post #2. Do you mind pasting the code here? Thanks
 
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Thomas

Active member
@Rob S for some reason I am unable to save your study in Post #2. Do you mind pasting the code here? Thanks
Copy Rob S....link,..go to TOS, main chart,...upper right hand corner SET UP>paste OPEN SHARED ITEM,......Wah La......rename,
 
tenacity11

tenacity11

Active member
2019 Donor
I followed my instruction and it worked fine,....????
All I can say is I've done this many times with no problems but for some reason this does not show up when I do it.
 
T

Thomas

Active member
All I can say is I've done this many times with no problems but for some reason this does not show up when I do it.
Sorry to hear that,..cannot troubleshoot why, maybe extra character on end of string, remove it........
 
tenacity11

tenacity11

Active member
2019 Donor
Sorry to hear that,..cannot troubleshoot why, maybe extra character on end of string, remove it........
Tried that and no go but thanks anyway. Maybe the person will be kind enough to post the code.
 
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