San Francisco CA
Experience: Beginner
Platform: TradeStation
Trading: Options
Posts: 10 since Apr 2014
Thanks Given: 4
Thanks Received: 2
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I'm trying to find a measure of a price bar's tendency to undercut (and/or close beneath) the previous bar's high.
I like to enter positions as price is exceeding the previous day's high and I don't like to hold the position if it comes back in and closes below the prior bar's high. I'm wondering if there's a way to measure a stock's tendency do this so that I can screen out stocks that do this and reduce the frequency of getting stopped out.
Does an indicator for something like this exist and if not, could one be created?
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