The abandoned bar study is a must have tool for investors and traders who like to buy dip or short unusual price gains in stocks. The percentage of bandoned bars for any stock, index fund, or futures contract is shown by this indicator. Taking into account historical data for whatever time frame you are looking at, the information provided to you by this study will tell you when buying the dip is a good idea.

A reversion to the mean is a very profitable strategy. Using Market Prowler’s Abandoned Bar study you will be able to view important statistical data for the percentage of abandoned bars in your current price chart regardless of what ticker symbol you are looking at or what trading time frame is applied. The abandoned bars will be painted with an easy to view triangle if the median price was not met within the next N bars. The last 3 abandoned bars will be displayed in the Abandoned Bar study, allowing you to short or long a stock with a clear and well-defined price target. It can be used for swing trades, day trades, as well as long-term investment entry points.

Works with futures, currency pairs, and stocks.

Works with the ThinkOrSwim trading platform.

You will never be on the wrong side of a trade again if you use this indicator.