Trading Range BullBot

Understanding Trading Ranges
When a stock breaks through or falls below its trading range, it usually means there is momentum (positive or negative) building. A breakout occurs when the price of a security breaks above a trading range, while a breakdown happens when the price falls below a trading range. Typically, breakouts and breakdowns are more reliable when they are accompanied by a large volume , which suggests widespread participation by traders and investors.

Many investors look at the duration of a trading range. Large trending moves often follow extended range-bound periods. Day traders frequently use the trading range of the first half-hour of the trading session as a reference point for their intraday strategies. For example, a trader might buy a stock if it breaks above its opening trading range.

Those interested in learning more about the trading ranges and other financial topics may want to consider enrolling in one of the best technical analysis courses currently available.

Trading Range Strategies
Range-bound trading is a trading strategy that seeks to identify and capitalize on stocks trading in price channels. After finding major support and resistance levels and connecting them with horizontal trendlines , a trader can buy a security at the lower trendline support (bottom of the channel) and sell it at the upper trendline resistance (top of the channel).

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