The main thing preventing my automation is that I do not know of an indicator that can accurately identify extended runs. I'm currently trying serveral different settings on all the overbought/sold indicators i know of but they aren't getting it right.
To clarify what I mean by "extended run" : when looking at a tick chart there are times when the market will move one direction for a distance greater than the norm. This cannot be defined strictly in terms of time or distance and is easily identified by the human eye.
A down run will typically have more red bars than green but the quantity is irrelevant as well because having several short green bars and a few really long short ones could be an extended run.
Any suggestions would be appreciated
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