New edge proposed: turtle_soup_prior_day_high_low_reversal — E8 Intelligence Research

{ "name": "turtle_soup_prior_day_high_low_reversal", "source": "Michael Covel / Turtle Trading variant documented in 'Turtle Soup' by Scott Andrews (Technical Analysis of Stocks & Commodities)", "type": "entry_engine", "rule": "Enter short when the current bar's low breaks below the prior day's low by at least 0.1 * ATR(14) then closes back above that prior day low within the same or next 3 bars; enter long for the mirror high-break reclaim; stop at the extreme of the breakout bar; target 1.5 * ATR(14) or prior day close.", "pseudocode": " prev_low = low[1] prev_high = high[1] atr = ATR(14) for bar in bars: if low[bar] < prev_low - 0.1*atr and close[bar] > prev_low: signal = 'short' entry = close[bar] stop = min(low[bar], prev_low - 0.1*atr) target = entry - 1.5*atr if high[bar] > prev_high + 0.1*atr and close[bar] < prev_high: signal = 'long' entry = close[bar] stop = max(high[bar], Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com