Description
The GapUpLE strategy generates a Long Entry signal when Gap Up occurs.
Gap Up is a combination of bars where the current Low is higher than the previous bar's High. In the event of Gap Up, the Long Entry signal is generated for the next bar.
Backtesting is the evaluation of a particular trading strategy using historical data. Results presented are hypothetical, and there is no guarantee that the same strategy implemented today would produce similar results.
Technical analysis is not recommended as a sole means of investment research.
For educational purposes only. Not a recommendation of a specific security or investment strategy.