TQQQ Vibha Strategy – Auto Ranges + Rally Days

1. Buy only after an intermediate bottom

A 20-day lowest low becomes the potential bottom.

2. Wait 3–4 days of higher highs & higher lows

higherSeq logic enforces that.

3. Avoid buying when too extended from the 200-day

Enforced with:
close <= ma200 * (1 + maxExtension) (default 10%)

4. Must close back above 200-day

Needed for “change of character”

5. Sell immediately if price breaks the Day-1 rally low (“line in the sand”)

Script sets lineInSand = bottom low

If price undercuts → close position immediately

6. Range-top rejection

Track touches of range top (highest high since bottom)

Three failures = sell (“3 strikes rule”)