Dual Thrust Range Bands for Breakout Signals

Summary

This note introduces the Dual Thrust indicator and specifies how to calculate its upper and lower bands from recent price data. It compares the recent high-to-close range with the close-to-low range, uses the larger value as the reference range, then offsets the current open by separate upper and lower threshold factors. The bands can serve as levels for identifying potential breakouts.

The document provides pseudocode and lists the required inputs: open, high, low, close, a lookback period, and two thresholds. It does not explain how to choose the period or threshold values, define entry or exit rules, or provide backtest results. The referenced explanatory material is only linked, so the note itself offers little discussion of performance, market suitability, or risk management.

Key ideas

• Dual Thrust derives a reference range from recent highs, lows, and closes.
• The reference range is the larger of two high-low-close range calculations.
• Separate threshold factors set bands above and below the current open.
• The note specifies the calculation but gives no parameter guidance or performance evidence.

Tags

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