New edge proposed: amibroker_high_low_differential_breakout — E8 Intelligence Research

{ "name": "amibroker_high_low_differential_breakout", "source": "Amibroker formula documentation / Larry Williams' short-term trading", "type": "entry_engine", "rule": "Enter long when today's high is greater than the prior day's high AND today's low is greater than the prior day's low (both conditions true at bar close), with today's range (high-low) greater than 1.2 times the prior day's range, and no position in the prior 3 bars.", "pseudocode": "prevHigh = high[1]; prevLow = low[1]; prevRange = prevHigh - prevLow; todayRange = high[0] - low[0]; if (close[0] > close[1] && high[0] > prevHigh && low[0] > prevLow && todayRange > 1.2 * prevRange && noPositionForBars(3)) then buy at close;", "why_it_works": "This captures genuine momentum expansion where both higher-high and higher-low on range expansion signal strong directional conviction with new information beyond a simple break of one level." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com