New edge proposed: bullish_volume_climax_exhaustion_reversal — E8 Intelligence Research

{ "name": "bullish_volume_climax_exhaustion_reversal", "source": "Richard Wyckoff (Wyckoff Method) 2014 selling climax concept, popularized by Tom Williams (VSA) and Anna Coulling", "type": "entry_engine", "rule": "Enter long on next bar open after a 15-minute bar has a range >= 2.5x its 20-bar average range AND volume >= 2.5x its 20-bar average volume AND close is in the bottom 25% of the bar's range (bearish exhaustion), with price below the lower Bollinger Band (2 standard deviations, 20 period) AND RSI14 < 30.", "pseudocode": "range = high - low_range = sma(range, 20) = volume_vol = sma(vol, 20)_pos = (close - low) / range range >= avg_range * 2.5 and vol >= avg_vol * 2.5 and close_pos <= 0.25 and close < bb_lower(20, 2) and rsi(14) < 30: buy_at_market_next_open", "why_it_works": "A massive volume spike with wide range closing near the low indicates aggressive distribution/selling climax 2014 the last weak holders capitulate, exhausting sell p Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com