Bullish Patterns

1) low of day less than the low of previous day, 2) low of previous day less than the low of 4 days ago, 3) up close & 4) close in the top 40% of days daily range

S&P500 and NASDAQ100 for 15 Sep 2021

Other NYSE & NASDAQ for 15 Sep 2021

Scan criteria:

  • low of day < low of previous day
  • low of previous day < low of 4 days ago
  • close of day > close of previous day
  • close in the top 40% of day's daily range
  • in a medium-term downtrend
  • 20 day average volume or last volume over 500,000
  • last closing price > 4 USD

Bearish Patterns

1) high of day greater than the high of day before, 2) high of day before greater high of 4 days ago, 3) down close & 4) close in the lower 40% of days daily range

S&P500 and NASDAQ100 for 15 Sep 2021

Other NYSE & NASDAQ100 for 15 Sep 2021

Scan Criteria:

  • high of day > high of day before
  • high of day before > high of 4 days ago
  • close of day < close of previous day
  • close in the lower 40% of day's daily range
  • in a medium-term uptrend
  • 20 day average volume or last volume over 500,000
  • last closing price > 4 USD

IMPORTANT NB. The selection criteria does not look for spikes up or down in price prior to ODR signal.

Similar to the definition of a Toby Crabel Hook Day without checking the daily range but including a check for the low or high four days ago.