The Pullback signal analyze the volume and price movements to detect a pause or moderate drop in a stock or commodities pricing from recent peaks that occur within a continuing uptrend / downtrend
A pullback is very similar to retracement or consolidation, and the terms are sometimes used interchangeably.
Pullbacks are widely seen as buying/selling opportunities after a security has experienced a large upward/downward price movement.
When the algorithm detect a pullback it can mark at the end of the wave.
|★||Trend Buy Pullback|
|★||Trend Sell Pullback|
Label Offset: Offset in ticks used to place the signal text