Hi all, I was wondering what indicators people use to define the bottom of the range when they trade pre off horse racing, I’m looking to try create a rule in automation centering around this.
Some of the characteristics I look for include an accumulation of volume at the bottom of the range and the weight of money shifting from the back side to the lay side.
Ideally, I look for the price to have stalled at and around the bottom of the range for a period of time along with a shift in volume delta, however, with the markets being as volatile as they are looking for perfectionism on these isn’t always the right thing to do, I feel.
To add to that, trying to define volume delta in automation is so very difficult and is something more suited to the
subjectivity of the human eye I think.
