Blue Dot Indicator (Dr. Wish Style)

The blue dot is just telling you:

“The stock was oversold and is now bouncing (stochastic %K crossed above 20).”

That's it. It does not guarantee the bounce will continue—only that one might be starting.

So it should not be used alone to take entries.

📉 Why Earlier Blue Dots Failed in this chart before it succeeded -
In the chart (TG Therapeutics), earlier blue dots:

Happened during sideways consolidation

Had no follow-through volume or momentum

Were below or near flat moving averages

Had no breakout of prior swing highs

Hence, they were low-probability setups.

So what you should do -

Practical Rule You Can Try
✅ Only act on a blue dot when price closes above previous swing high, and is above rising 50 SMA or 21 EMA.
🛑 Avoid blue dots during consolidation or if price is below moving averages.