Here is some preliminary code I'm using to identify 20/20 wide range
bars. Apply the indicator as an overlay to label bars, run the
exploration for one day a couple days ago to generate some charts to
evaluate what happens after a 20/20 bar occurs. Velez claims 3
varieties of reversals, two varieties of continuations and, of
course, some failures.

If the visuals look promising I'll move on to coding the first
reversal pattern.
Sid


/* Amibroker Coding by Sid Kaiser
V0.5, 27 Dec 07

From the Guerrilla Trading Tactics DVD, available on eBay for $10-$15.
20/20 bar as defined by Pristine Trading / Oliver Velez.
A long green bar with the open in the lower 20% of the bar and the
close in the upper 20% of the bar.
OR
A long red bar with the open in the upper 20% of the bar and the
close in the lower 20% of the bar.

When applied to NASDAQ stocks > $20 or NYSE stocks > $40 a long bar
is > $1.50 H/L range.
Plot red and green candlesticks, apply indicator as overlay.
*/

tprange = 0.2*(High - Low); // 20% of the range

Longbar = IIf(tprange/Close > 0.01, 1, 0); // Pick the big range
bars by %, rather than fixed $

TTGbar = IIf(Open - Low <= tprange AND High - Close <= tprange AND
Longbar, 1, 0); // 20/20 green bar
TTRbar = IIf(Close - Low <= tprange AND High - Open <= tprange AND
Longbar, 1, 0); // 20/20 red bar

/***** Exploration *****/

Filter = (TTGbar OR TTRbar) AND (MarketID(1) == "NYSE" AND Close >= 40
OR MarketID(1) == "Nasdaq" AND Close >= 20);

AddColumn(Close, "close");
AddColumn(TTGbar, "TTGbar");
AddColumn(TTRbar, "TTRbar");


/***** Indicator *****/ //use as overlay
for( i = 0; i < BarCount; i++ )
{
if( TTGbar[i] ) PlotText("TTG", i, H[i] + tprange[i], colorDarkGreen);

if( TTRbar[i] ) PlotText("TTR", i, L[i] - tprange[i], colorDarkRed);
}

//Gbar = IIf(Close > Open, 1, 0);
//Rbar = IIf(Open > Close, 1, 0);
//range = High - Low

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