Signal library Β· Mean reversion
Three lower closes in an up-trend
Three consecutive lower closes while price stays above the 200-bar average.
- What it is for
- A simple short-term pullback entry in a long-term up-trend.
- Rule
- Buy (long) on 1d bars when (close below close 1 bars ago) and (close 1 bars ago below close 2 bars ago) and (close 2 bars ago below close 3 bars ago) and (close above s200). Stop: 4% from the entry. Target: 1 Γ the risk (stop distance). Exit after 5 bars at the latest.
- Side
- β² Long (buy)
- Timeframes
- 1d
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample Β· after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 1d | information only | β | β | β | β |
| India | 1d | information only | β | β | β | β |
| United Kingdom | 1d | information only | β | β | β | β |
| Europe | 1d | information only | β | β | β | β |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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