Jeff Cooper Expansion breakout.
I have tested this idea a bit for stocks and it looks good.
1. Stocks >30$
2. today must be highest high range in 7 days
3. today must breakout over 40 day high or low
4. ADX must be low <20 and must be below both the D+ and D-
5. Volume >1.25 % Average volume
6. 9MA must be > 50 MA for long and 9 MA<50MA for shorts
7. Enter long on new breakout of today's price tomorrow if it does not gap by 1% and Enter short for new breakdown of today's price if it does not gap by 1%
1. Stocks >30$
2. today must be highest high range in 7 days
3. today must breakout over 40 day high or low
4. ADX must be low <20 and must be below both the D+ and D-
5. Volume >1.25 % Average volume
6. 9MA must be > 50 MA for long and 9 MA<50MA for shorts
7. Enter long on new breakout of today's price tomorrow if it does not gap by 1% and Enter short for new breakdown of today's price if it does not gap by 1%
Disclaimer
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.