It is an indicator that I would be looking to use in Market Analyzer as a stock scanner.
1. Find stocks that have closed down 3 or more days in a row.
2. The "Trigger" event is if the stock is currently trading above yesterdays close.
i.e. try's to pick the reversal point after a stock has bottomed.
Usually this would be an intraday scan, i.e. you'd scan at 10am to 11:30am to try and catch the reversal as it happens.
Bottom Fisher: http://www.tonyoz.com/bottom.htm
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