New edge proposed: thrust_measure_breakout_with_volume_expansion — E8 Intelligence Research

{ "name": "thrust_measure_breakout_with_volume_expansion", "source": "Richard Wyckoff / Tom Williams' VSA principles", "type": "entry_engine", "rule": "Enter long when the current bar closes above the high of the prior 10-bar range and the current bar's volume is at least 1.5 times the 20-bar average volume AND the current bar's range is at least 1.2 times the 10-bar average range.", "pseudocode": "if close > highest(high, 10)[1] and volume > 1.5 * SMA(volume, 20)[1] and (high - low) > 1.2 * SMA(high - low, 10)[1] then buy_next_bar", "why_it_works": "A decisive breakout beyond a well-defined range with above-average volume and expanding range signals aggressive institutional participation and likely continuation." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com