Examples – More Pristine Signals
They don't work under all conditions. Here's what happens in a downtrend. Oversold can quickly become "more" oversold. You can't fight the trend!
The signals lead to rallys of various durations.
Usually the low of the day of the signal can be used as a stop-loss point, or possibly a few ticks below.
More perfect signals.
And still more pristine buy signals, providing tons of great entry points in a bull market.