Trade Location Quality

Detect whether the price is at a good entry location within the Neo’s Trade Quality Tool.
Neo distinguish 5 different entry location

• ideal location
• acceptable location
• neutral location
• poor location
• chase location

Ideal location:

• price near support / EMA20 / EMA50
• range position between 0.20 and 0.60
• distance to resistance is larger than distance to stop
• not extended from EMA20/50
• ATR extension low or normal

Meaning: Good entry zone. Risk is controllable.

Acceptable location:

• price in middle of range
• pullback is not too deep
• price still above important support
• upside still available

Meaning: Tradable, but not perfect.

Neutral location:

• price not near support
• price not near resistance
• no clear location advantage

Meaning: Watchlist. Needs better trigger.

Poor location:

• price in upper 20% of range
• close to resistance
• stop distance larger than upside
• no fresh consolidation

Meaning: Bad asymmetry. Entry is probably late.

Chase location:

• price at/near absolute high
• range position > 0.85
• distance from EMA20 too high
• ATR expansion already happened
• several candles up without reset

Meaning: Do not chase. Wait for pullback/retest.