- Confirmation #2: during periods of price consolidation (See <Note 1>)
<Note 1> Measuring price to assume consolidation:
For each , we quantify price by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices ( aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
- modified entry condition, requires the current candlestick to be strong in support, or at least not work as bare minimum (as per price action indicators)
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