DCR
Double Cross Reversal
AlgoBox™ FlowMaster™ Crosses are an indication that large volume of trading activity is occurring. FlowMaster™ Crosses can also be used as indications of reversal.
When a Double Cross appears near the edge of an accumulation zone, this is considered a DCR setup. The Crosses should appear within 10-15 AlgoBars of each other.
When a double cross appears near the top or bottom of an accumulation zone, it may be considered as a potential reversal, called a Double Cross Reversal or simply a "DCR."
Consider for your analysis that a DCR may work even better paired with SMLK Timing Lines, Double Delta and/or FlowMaster™ Alpha Omegas.
As usual, stop losses are ideal behind the farthest FlowMaster™ Cross.
Target 1 is ideally placed in the middle of the zone and target 2 is ideal at the opposite side of the zone. If you're trading with the direction of the higher time frames, and have a target 3 and/or a "runner" position, they would be ideally placed beyond the zone, such as at a Harmonic P-PRZ or another price level of your choice.
Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.
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