This week's price action displayed as 30R (7.50 pt range) candles. The green highlights mark a bar that made a lower high & lower low, traded its range faster than the bar before and closed at or above its midpoint.
Some of these are typical h1 buy signal/pin bars. Although that one in the middle I probably wouldnt have paid that much attention to considering the bear trend and the upcoming L1 bar Which lead into 3 push down, DB/Micro DB, H2 buy signal/pin bar. Just imagine if you rode that all the way up.
nice example but one example generated in hindsight with no actual trading suffers from the weakness of one.
Could definitely apply a simple trend filter to this occurrence but right now I am trying to keep the signal as simple as possible. Basically searching for sell stops being hit creating a momentary imbalance that is followed by a rush of buy orders. Since these are range bars it makes it a little difficult for manual trading, especially with having to monitor both price and the velocity of price, but just entering at the close of the signal bar with a stop 1 tick below the low is workable.