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# High Volume Days
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The idea for these strategies comes from chapter 6 (Volume) of [*How Markets Really Work* ](https://moshferatu.dev/moshferatu/how-markets-really-work ) (2012) by Larry Connors.
As with most of the strategies from this book, they are meant to illustrate certain characteristics of the market rather than be traded directly.
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## Rules
### High Volume Up Days
1. The asset (e.g., SPY) is above its 200-day moving average.
2. The volume closes at a 5-day high.
3. If the asset closes **higher** on the day, enter a long trade.
4. Exit the trade after 5 trading days (~1 week).
### High Volume Down Days
1. The asset (e.g., SPY) is above its 200-day moving average.
2. The volume closes at a 5-day high.
3. If the asset closes **lower** on the day, enter a long trade.
4. Exit the trade after 5 trading days (~1 week).
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## Parameters
**High Volume Period**: The period over which to determine the highest volume. (Default: 5)
**Long-Term Trend Period**: The period of the long-term trend as measured using a simple moving average. (Default: 200)
**Days to Exit**: The number of days to wait before exiting a trade. (Default: 5)
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## Backtest Results
### SPY
#### High Volume Up Days
![SPY High Volume Up Days Analysis ](https://static.moshington.com/images/strategies/high-volume-days/spy-up-analysis.png )
![SPY High Volume Up Days Summary ](https://static.moshington.com/images/strategies/high-volume-days/spy-up-summary.png )
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#### High Volume Down Days
![SPY High Volume Down Days Analysis ](https://static.moshington.com/images/strategies/high-volume-days/spy-down-analysis.png )
![SPY High Volume Down Days Summary ](https://static.moshington.com/images/strategies/high-volume-days/spy-down-summary.png )
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