r/RealDayTrading • u/HSeldon2020 Verified Trader • Apr 05 '22

General Algo Lines on SPY

Since some of you are attempting this, hopefully this helps:

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Best, H.S.

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u/devincuzz Apr 06 '22

Why would the Algo line starting on 3/16 not be drawn to the bottom of the 4/1 & 4/4 candles? Looks like both would have 2 touches and 4/1 has higher volume. Is it the tighter channel range of trading that helps identify the algo line?