To initiate a Buy signal:
1 .The TD REI must be below -40 for six or fewer periods.
2. There must be a lower close than the close of the prior price bar.
3. The open of the next price bar must be less than ,or equal to ,the two prior price highs; and
4. The market must trade above the open and post a high above either one of the prior two price highs.
To Trigger a sell signal:
1 .The TD REI must be above +40 for six fewer periods.
2. There must be a higher close than the close of the prior price bar.
3. The open of the next price bar must be greater than ,or equal to ,the two prior price low; and
4. The market must trade below the open and post a low below either one of the prior two price lows.
1 .The TD REI must be below -40 for six or fewer periods.
2. There must be a lower close than the close of the prior price bar.
3. The open of the next price bar must be less than ,or equal to ,the two prior price highs; and
4. The market must trade above the open and post a high above either one of the prior two price highs.
To Trigger a sell signal:
1 .The TD REI must be above +40 for six fewer periods.
2. There must be a higher close than the close of the prior price bar.
3. The open of the next price bar must be greater than ,or equal to ,the two prior price low; and
4. The market must trade below the open and post a low below either one of the prior two price lows.