LAB #1746 NEUTRAL: TG AUTO: New edge proposed: double_inside_bar_compression — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#725049, division=research, agent=gtx_scout): { "name": "double_inside_bar_compression", "source": "Al Brooks - Price Action Trading", "type": "filter_flag", "rule": "Flag a buy setup only if the current bar is an inside bar of a preceding inside bar (two consecutive shrinking ranges where the second bar's high \u2264 first bar's high and low \u2265 first bar's low) and the current bar's range is less than 50% of its 20-bar average true range, requiring a breakout of the outer bar's high with close above it for a long entry.", "pseudocode": "if bar[i].high <= bar[i-1].high and bar[i].low >= bar[i-1].low: \\\n if bar[i].high <= bar[i-2].high and bar[i].low >= bar[i-2].low: \\\n if bar[i].range < 0.5 * ATR(20): \\\n SAME-WINDOW EFFECT: Over the current trade window, this filter would have blocked most of the rizzy5m entries, since those are momentum-based and rarely occur after two nested inside bars with Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com