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This is a very popular Intraday Open High Low Strategy with pretty good Accuracy. In this strategy, Buy signal is generated when a stock or Index has same value for Open and Low, while Sell signal is generated when it has same value for Open and High.
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The revolt is a technique that attempts to pinpoint exhaustion within a trend. The blue line primarily represents the strength of buyers, while the red line represents the strength of sellers. When purchasers are capable of making new highs, the blue line will go up.
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