Detect 1st pullback after open
Author: gchudublin
Creation Date: 12/7/2016 4:17 PM
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gchudublin

#1
Usually stock open high then pull back then go up again, I need to know any one has done any to detect the first pull back bottom. I did search with "first pull back" and returns no results.

Thanks

Greg
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Eugene

#2
There are numerous examples of various pullback strategies in the Wiki and downloadable strategies. Don't just search for "pullback" as a different term could be used; rather explore them one by one (especially in Dip Buyers and Counter-Trend groups). If you won't find a script ready to be tailored to your taste, clear and concise rules of your trading setup might help someone to provide you with a starting point.