Identifying The Bottom of a Range - Pre Off Racing

[lm1994]

Hi all, I was wondering what indicators people use to define the bottom of the range when they trade pre off horse racing, I’m looking to try create a rule in automation centering around this.

Some of the characteristics I look for include an accumulation of volume at the bottom of the range and the weight of money shifting from the back side to the lay side.

Ideally, I look for the price to have stalled at and around the bottom of the range for a period of time along with a shift in volume delta, however, with the markets being as volatile as they are looking for perfectionism on these isn’t always the right thing to do, I feel.

To add to that, trying to define volume delta in automation is so very difficult and is something more suited to the
subjectivity of the human eye I think.

[Dallas]

There's an example here which should help
viewtopic.php?f=53&t=18997