Customer Support : 020-61923200, [email protected] | Call and Trade : 020-61923220
Developed at Definedge
Developed at Definedge
As a bearish breakout and momentum pattern, ARF Bearishcaptures the breakout of a price pattern in a strong downward momentum environment.
Anchor column – Retracement & Follow-through is referred to as ARF. The default parameters are nine boxes and a 40% retracement.
1 – At least 9 boxes in the column
2 – Not more than 40% retracement of the previous column
3 – Double bottom sell pattern
This is a type of anchor follow-through pattern in which the number of boxes and retracement conditions are dynamically altered. It is possible for the user to modify them.
It provides trade opportunities based on strong downward momentum and shallow retracements.
Click here to learn more about it.
This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.