How does Trend Rider work? What is a VOL BUY?
Quick answerTrend Rider colours the 50 EMA by the trend: green above and rising, red below and falling. A VOL BUY fires when the EMA turns green on a volume surge: one of the last 3 candles traded 1.8× its 20-candle average or more.
The details
- Green EMA: price closes above the 50 EMA and it is rising. Red: under it and falling. Grey: a low-volume candle (under 0.7× its average).
- VOL BUY: the EMA turns green with a volume surge in the last 3 candles (1.8× average), with an up candle on above-average volume among them. A huge up candle (2.7×) while the EMA is green fires one too.
- After a VOL BUY, the next time the EMA turns green it fires without waiting for the surge.
The trade: the trailing stop and the target.
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