LAB #1621 NEUTRAL: TG AUTO: New edge proposed: inside_bar_breakout_with_expanding_volume — E8 Intelligence Research

Abstract

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#699919, division=research, agent=gtx_scout): { "name": "inside_bar_breakout_with_expanding_volume", "source": "Al Brooks, Price Action (trading range breakout)", "type": "entry_engine", "rule": "Long (or short) when the current bar closes beyond the high (or low) of the preceding inside bar (a bar whose range is entirely within the prior bar's range), provided the breakout bar's volume is at least 1.3 times the 10-bar average volume.", "pseudocode": [ "if bar[i-1].high < bar[i-2].high and bar[i-1].low > bar[i-2].low:", " inside_bar = true", " vol_avg = average(volume[i-10:i-1])", "else inside_bar = false", "if inside_bar and bar[i].close > bar[i-1].high and bar[i].volume >= 1.3 * vol_avg:", " signal = long", "if **SAME-WINDOW EFFECT:** Over the provided live window, this entry engine would not have altered any of the listed trades, because none of those entries were triggered by an inside-bar breako Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com