In Dr Elias's book "Explosive Stock Trading Strategies" it provides information on how to trade with signal price bars.
Is there a screener out there that may help with this?
It uses Moving Avg Envelope (SMA,10,5). The trigger is an upward reversal signal (price trades below the previous day's low and closes at or above the prior day's close). The price bar also needs to be at or below the lower boundary of the envelope.
Is there a screener out there that may help with this?
It uses Moving Avg Envelope (SMA,10,5). The trigger is an upward reversal signal (price trades below the previous day's low and closes at or above the prior day's close). The price bar also needs to be at or below the lower boundary of the envelope.
