Anyhow, if it is based on %R it is hardly new. I discussed that idea back in the 1999-2000 days on the SI board. Problem was and still is the drawdown or deep diver.
After all these years I still feel that a simple MA or MA of the equity curve is the best way to bail.
I even talked about using bullish % from the PnF charts as a way of scaling in.
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