Yeah..just noticed this one.But if you`ll look a couple of bars back, where it`s exactly 'less then a half of the left wing', as you suggest.Then you`ve have gotten whipsaw.So, would you re-enter at the next one(which is more then a half of the left wing, apparently)?
In case if you had ignored the previous valid entry for bullish trend and entered the bullish reversal, the chart says there is an emergency exit.
Getting back on the 0.4% volatility.Is it a measure of the leg?Just to be clear, i`m still uncertain what exactly it is.
1. If the price is within a range then the range must have a minimum volatility of 0.4%. 2. If the price is in a trend or reverse trend scenario then the day must have a minimum volatility of 0.4%. (between day's low and high) If either one of the above is true then we have to look for valid entry signals as usual.
Is it possible to automate this strategy in a precise manner ? I guess it will be very tough job, may be mission impossible given the features of current automation tool in market and the expertise of programmers !