Bar Range Percentile Entries with Short-Hold Exits

Summary

This long-only strategy ranks each bar’s high-to-low range against a 50-bar lookback. It signals an entry when the range percentile reaches at least 95 and the bar closes below its open, using an unusually large down bar as the trigger. The description says exits can be set after a chosen number of bars or when price closes above the prior bar’s high; the displayed script includes an exit expression that should be checked to confirm it implements the intended holding period.

The author presents the method as volatility-based and suggests it may suit instruments with a long-term upward price tendency, with hourly or higher timeframes recommended. The page lists commissions of $2.50 per side. It supplies no backtest report or performance evidence in the text, and cautions that the approach may not suit other instruments. Range thresholds, holding rules, fees, and instrument choice can all materially affect results.

Key ideas

• The entry trigger combines a high bar-range percentile with a down-close condition.
• The displayed configuration ranks ranges over 50 bars and uses a 95th-percentile threshold.
• The description offers time-based and price-based exit choices, but the shown exit expression needs review.
• The author suggests testing on instruments with a long-term upward tendency and hourly or higher charts.
• The page lists trading commissions but provides no strategy performance results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.