Short Covering logic
Posted: Sun Dec 03, 2023 12:35 pm
I've been trying to mark the starting candle of SHORT COVERING at the intraday timeframe
The logic I thought of is:
open < close[1] and low < low[1] and close > high[1] and volume> volume[1] and volume > ta.sma(volume,20)
Does anyone have a better logic/suggestion?
The logic I thought of is:
open < close[1] and low < low[1] and close > high[1] and volume> volume[1] and volume > ta.sma(volume,20)
Does anyone have a better logic/suggestion?