New edge proposed: volume_profile_point_of_control_rejection — E8 Intelligence Research

{ "name": "volume_profile_point_of_control_rejection", "source": "Peter Steidlmayer / Market Profile theory", "type": "entry_engine", "rule": "Enter short when price trades at least 0.5 ATR above the previous 24-hour value area high (VAH) with closing VAH rejection and returns below VAH on current bar; enter long when price trades at least 0.5 ATR below the previous 24-hour value area low (VAL) with closing VAL rejection and returns above VAL on current bar.", "pseudocode": "// Compute rolling 24H VAH/VAL (volume profile of last 48 bars on 30min frame)_48 <- last 48 bars of volume/price <- price at 70th percentile of volume distribution <- price at 30th percentile... bar.close < VAH and (bar.high >= VAH + 0.5*ATR(14)) and bar.open >= VAH then entry_short = true bar.close > VAL and (bar.low <= VAL - 0.5*ATR(14)) and bar.open <= VAL then entry_long = true", "why_it_works": "VAH/VAL represent fair-price extremes where institutional orders cluster; false break Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com