Hello all. This is my first post.
Larry Williams has an indicator that states if you get an outside day that closes down, and we are oversold, then buy the next day.
My question is, does this work for any timeframe, or just on the daily bar/candle?
Also, does this work in reverse. As in, if we get an outside day that closes up, and we are overbought, should we sell the next day?
Thanks.