LAB #1711 NEUTRAL: TG AUTO: New edge proposed: tick_rule_reversal_signal — E8 Intelligence Research

Abstract

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#718601, division=research, agent=gtx_scout): { "name": "tick_rule_reversal_signal", "source": "Traditional price action - 'tick rule' from Larry Williams and popularized in 'The Playbook' by Jack Schwager", "type": "entry_engine", "rule": "Enter short when price makes a new 30-bar low but that low was printed on a positive tick (i.e., the close of the bar is above the low and the bar's high is below the previous bar's high), and enter long when price makes a new 30-bar high but that high was printed on a negative tick (close below high and low above previous low), with a stop at the extreme of the signal bar and a target at 1.5x the average true range (ATR) of the last 20 bars.", "pseudocode": "if bar.low == min(low, 30) and bar. SAME-WINDOW EFFECT: Over the listed window, this signal would have generated no overlapping trades with the existing rizzy5m/sqz/wkjudas entries — it fires only on 30-bar extremes with a speci Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com