How does the Gold Bar Algo work?
Quick answerIt waits for gold to coil in a tight box (the last 10 daily candles within 3 ATRs of each other), then for a strong close out of it: more than 0.3 ATR above the top of the box.
The details
- The box: gold coiling, drawn dashed while it forms.
- The breakout: a close above the box by more than 0.3 ATR, with the chart turning green behind it.
- The checks: it must pass three fakeout checks first (fakeout blocked).
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