New edge proposed: chanlun_third_buy_point_confirmation — E8 Intelligence Research

{ "name": "chanlun_third_buy_point_confirmation", "source": "Chan (\u7f20\u4e2d\u8bf4\u7985) Chanlun theory - third type buy point (\u7b2c\u4e09\u7c7b\u4e70\u70b9)", "type": "entry_engine", "rule": "On the 4H timeframe, after price makes a swing high H that breaks above the prior swing high, wait for a pullback low L that stays above the prior consolidation top P (the last swing high before the breakout leg); enter long on the first 4H close above the high of the bar that produced L, provided L > P and L occurs within 8 bars of H.", "pseudocode": "swings = zigzag(highs, lows, atr_mult=1.5)\nP = last swing high before the up-leg that produced H\nH = current swing high that exceeds previous swing high\nL = first subsequent swing low after H\nif L > P and bars_since(H) <= 8:\n trigger = high of bar(L)\n if close > trigger: enter_long(stop=L, tp=H + (H - P))", "why_it_works": "The third buy point identifies the moment a prior resistance zone (P) flips into support and the first Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com