ZigZag False Breakout ReversalHi Apprentice Hope all is well,
Rules for the false breakout if can be combined into same strategy with Breakout
Reverse Break & Close back into previous zigzag structure with SSD Above 50% (K Below D line) on higher timeframe and Volume Price Change Below signal line for shorts &
Reverse Break & Close back into previous zigzag structure with SSD Below 50% (K above D line) on higher timeframe with Volume Price Change Above signal line for long.
Enter on close of candle.
Can have option to bump up SSD t-frame as per screen shot 15min chart using 1Hr SSD data
Not mentioned on the breakout rules the K Below D line for shorts & K above D line for longs
thanks so much for all the work you do on this forum
Kelly