You already know this trading strategy developed by Linda Bradford-Raschke? You know this revised and corrected strategy of the method called “Turtle Trading” proposed by Richard Dennis and William Eckhardt in the 80s to a group of novice traders called “turtles”. It is a market scanner based on this strategy of false support / resistance breaks that I propose here.
From the ProScreener window it is possible to differentiate between bullish and bearish signals by the indication found in the “Criteria” column. A criterion 1 indicates a purchase signal while a criterion -1 indicates a sales signal. In this way it is very easy to focus only on the type of signal sought.
Below are two examples of signals from the classic version of the TurtleSoup signal
Here are two examples of the filter version of the Commodity Channel Index (CCI) indicator.
Watch the demonstration video
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