Finding the floor price

[Gringotts Bank]

Interested to hear your approach to finding a bar whose lows are unlikely to be easily breached.

My usual method is:

1 - stopping volume
2 - pin bar (ie. wide ranging bar with a close in top half of the range).

Standard stuff.

Can you share what you do to find a solid floor price?

cheers.

(tip: Constantinople in the 'Cup)

 

[Austwide]

Still new to this so the floor may be a bit gerry built

I look for reducing candle sizes as it falls, the last with a long bottom wick.
Pretty much the same as GB's, reducing strength and a form pin bar.

 

[Trav.]

I have been thinking about this thread for a while and would like to add some value but struggling to find any of any value to add so please bear with me as I attempt to stimulate some conversation.

I am interested in this topic because I am trying to reduce my holding times by finding a better entry method, pretty simple really!

I have been using the following basic pullback configuration in Amibroker for a long entry

Long = IIf( Ref(H,-1)>H, IIf(Ref(H,-2) > Ref(H,-1), Ref(H,-3) > Ref(H,-2), Null ), Null) AND C > Ref(C,-1);

and also playing with this code By: @travick https://forum.amibroker.com/t/coding-for-pivot-points/9079 which is good but holding times really haven't changed.

1 - stopping volume

This is something that I am not familiar with and have previously struggled to grasp the concepts off VSA and always interested in @barney 's chart markups as he tries to decipher what is happening.

I grabbed some VSA code this morning and started to have a play with it as I think that it definitely would help with finding the floor (support) and turn around point.

https://forum.amibroker.com/t/vsa-or-vpa-analysis/3794/14

I will continue to do some research and hopefully others will decide to come out of the shadows and add some thoughts.

@Gringotts Bank thanks for starting the thread mate as it has made me have a look at some other options in this area.

Cheers