Hey everyone,
I am currently working on a breakout strategy where I label samples that move above the Keltner Channel upper band as breakout events. To avoid labeling multiple breakouts within the same trend I added a re entry rule that requires price to move back inside the channel before another breakout can be labeled.
I later saw that keeping these back to back breakout labels might actually be better, since they capture multiple breakout attempts within the same trend and provide more learning signal
When I apply the re entry rule the number of labels are clearly reduced but the overall trend is still captured.
I am not fully sure which approach makes more sense from a modeling perspective. I would really appreciate any opinions or experiences on how would you handle this kind of labeling