If you like simple things, this is for you. (1h Chart)
+ – points can be given for
- Qualified zero print (RSI2< 2.5 or RSI2>97.5 25+ pips away from E44)
- Momentum divergence (14, 67 sample sizes) or RSI2 divegence
- Price beyond the safety lines (+ – 28 pips from E32)
- 26-sample new high / low
- + – 2 points for qualified wicks
So that’s an absolute 6 on the temperatűr scale. A 4 is rather persuasive in most cases to take a position. A 6 needs no arguing whatsoever.
A 3 is a rotation: good enough for a continuation entry and the raining direction has to be covered.
I would give a squeeze low/high 5 points.
It’s all about the Pendulum, baby!