Trading logic
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Hi! I wanted to ask if someone could 'spot' me on my logic, and hopefully point out if I have maybe missed something and to help identitify potential 'blind spots'. Thank you!
Buy signal:
(Strong signal) Start of the uptrend
Low[0] <= Low[1] && Close[0] >= Low[1] && VOL[0] >= VOL[1]
// Bearish rejection with volume, strong amount of sell orders being absorbed by buy orders, strong demand >= supply. (Buy pressure increasing)
Low[0] >= Low[1] && Close[0] >= Low[1] && VOL[0] >= VOL[1]
// Bullish acceptance with volume, strong amount of sell orders being absorbed by buy orders, strong demand >= supply (Buy pressure increasing)
(Weak signal) End of the uptrend
Low[0] >= Low[1] && Close[0] < Low[1] && VOL[0] <= VOL[1]
// Bullish rejection without volume, weak amount of buy orders being absorbed by sell orders, weak supply >= demand (Sell pressure decreasing)
Low[0] <= Low[1] && Close[0] <= Low[1] && VOL[0] <= VOL[1]
// Bearish acceptance without volume, weak amount of buy orders being absorbed by sell orders, weak supply >= demand. (Sell pressure decreasing)
Sell Signal:
(Strong signal) Start of the downtrend
High[0] >= High[1] && Close[0] <= High[1] && VOL[0] >= VOL[1]
// Bullish rejection with volume, strong amount of buy orders being absorbed by sell orders, strong supply >= demand.(Sell pressure increasing)
High[0] <= High[1] && Close[0] <= High[1] && VOL[0] >= VOL[1]
// Bearish acceptance with volume, strong amount of buy orders being absorbed by sell orders, strong supply >= demand. (Sell pressure is increasing)
(Weak signal) End of the downtrend
High[0] <= High[1] && Close[0] >= High[1] && VOL[0] <= VOL[1]
// Bearish rejection without volume, weak amount of sell orders being absorbed by buy orders, weak demand >= supply.(Buy pressure is decreasing)
High[0] >= High[1] && Close[0] >= High[1] && VOL[0] <= VOL[1]
// Bullish acceptance without volume, weak amount of sell orders being absorbed by buy orders, weak demand >= supply. (Buy pressure decreasing).