New edge proposed: thrust_measure_rule — E8 Intelligence Research

Abstract

{ "name": "thrust_measure_rule", "source": "Larry Pesavento / 'Thrust Measure' from Fibonacci Ratios with Pattern Recognition (1997)", "type": "entry_engine", "rule": "Enter short when price exceeds the prior 20-bar high by more than 1.0 ATR(14) within 3 bars, then closes back below that high on the same or following bar; enter long on the mirror condition at the 20-bar low.", "pseudocode": "high20 = highest(high, 20); low20 = lowest(low, 20); atr14 = atr(14); if close > high20[1] + atr14 and barssince(close > high20[1] + atr14) <= 3 and close < high20[1] then short_entry = true; if close < low20[1] - atr14 and barssince(close < low20[1] - atr14) <= 3 and close > low20[1] then long_entry = true;", "why_it_works": "Captures failed breakout attempts where momentum exhausts after an extreme thrust, creating a reversion opportunity at measured-move failure points." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com