Pullback

Pullback Signal

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. 

How Pullback Signals Works

When the algorithm detect a pullback it can mark at the end of the wave.

Buy Pullback
Sell Pullback
Trend Buy Pullback
Trend Sell Pullback

 

 

 

 

 

Pullback Signal Settings

Label Offset: Offset in ticks used to place the signal text