Article/Author: "A Market Bottom pattern for S&P Futures" by Tushar S. Chande, S&C Magazine, Traders Tips, 03/1995

Download: botfish.ela

File Includes:
Signal - Bottom Fishing

Category: Strategy > Bottom Fishing

Description:

Signal Bottom Fishing ELA Code:

INPUTS: F1(25), F2(50), DDAY(20), X(23);



IF CLOSE[1] > OPEN[1] + F1 POINTS AND RANGE [1] > F2 POINTS

AND LOWESTBAR(LOW,DDAY) [1] <= 5 THEN BUY THIS BAR ON CLOSE;





IF BARSSINCEENTRY=X THEN EXITLONG THIS BAR ON CLOSE;





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