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Red Dog Reversal Pattern
This indicator is a interpretation of the Red Dog Reversal Pattern which was discovered by T3Live founder Scott Redler. (AFAIK)
The indicator is maybe useful for Day Trade or Swing Trade.
BUY Criteria:
1. Stock is down for multiple days
2. Stock goes below prior day's low
3. Stock trades back up through prior day's low, which triggers the buy
4. The stop is set at the current intraday low
SELL Criteria:
1. Stock is up for multiple days
2. Stock goes above the prior day's high
3. Stock trades back down through prior day's high, which triggers the sell
4. The stop is set at the current intraday high
Please always remember, there is no holy grail indicator!
The indicator is maybe useful for Day Trade or Swing Trade.
BUY Criteria:
1. Stock is down for multiple days
2. Stock goes below prior day's low
3. Stock trades back up through prior day's low, which triggers the buy
4. The stop is set at the current intraday low
SELL Criteria:
1. Stock is up for multiple days
2. Stock goes above the prior day's high
3. Stock trades back down through prior day's high, which triggers the sell
4. The stop is set at the current intraday high
Please always remember, there is no holy grail indicator!
受保護腳本
此腳本以閉源形式發佈。 However, you can use it freely and without any limitations – learn more here.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
受保護腳本
此腳本以閉源形式發佈。 However, you can use it freely and without any limitations – learn more here.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.