TD Breakout Qualifiers

Note :
- Buying pressure = Close - Lowest wick
- Selling pressure = Highest wick - Close


For Buy

• Qualifier 1
  Candle before breakout is a bearish candle.
  
  Qualifier 2
  Candle before breakout is bullish(disactivating Q1). Candle opens above TD Line & previous candle close. Price must move at least 1/2 tick above.
  
  Qualifier 3
  Previous candle Close + 'buying pressure' (C-L+C) below TD Line.
  
  Qualifier 4
  Current candle opens above previous 2 candles' closes & TD Line above previous bar's high.

For Sell

• Qualifier 1
  Candle before breakout is a bullish candle.
  
  Qualifier 2
  Candle before breakout is bearish(disactivating Q1). Candle opens below TD Line & previous candle close. Price must move at least 1/2 tick below.
  
  Qualifier 3
  Previous candle close - 'selling pressure' (C-H-C) above TD Line
  
  Qualifier 4
  Current candle opens below previous 2 candles' closes & TD Line below previous bar's low.

This is directly translated from his book. However, due to the nature Forex as a fast moving market, further research need to be done apply these qualifiers and that's what to be discuss here.



LSs