If Low on a day is greater than the previous day’s and next day’s High then a Buy signal is generated.
If High on a day is lower than the previous day’s and next day’s Low then a Sell signal is generated
Note that this study tests three bars and plots the signal at the point where condition is completely fulfilled i.e. signal will be plotted on the third bar and not middle bar
Interpretation
Execute a buy trade on first condition i.e. buy signal
Execute a sell trade on second condition i.e. sell signal
Default Parameters Used/Inputs
No input parameters as such; spots three bars satisfying the above conditions
