DCR
Double Cross Reversal
Last updated
Double Cross Reversal
Last updated
AlgoBox™ 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 a maximum of ten to fifteen AlgoBars of each other.
DCRs may work even better when paired with , and other AlgoBox™ tools such as the .
As usual, stop losses are ideal behind the farthest FlowMaster™ Cross.
Strategically place Target 1 in the middle of the zone and Target 2 on the opposite side. If you're trading with the higher time frame trend, consider adding Target 3 or a 'runner' position beyond the zone, using signals like or .
Only available on AlgoBox™ for NinjaTrader 8.