PROTECTED SOURCE SCRIPT
Updated Diamonds Finder
According to this theory youtube.com/watch?v=Ie66A7ns... the definition of "diamond" is:
- central hollow candle sorrounded by 2 filled candles. Example "redcandle - redcandle - greencandle - redcandle - redcandle".
- and vice versa if central candle is filled one.
The diamond S/R zone is based on open and close values of central candle.
The arrows show where the diamond is placed, not the anticipated direction of move. The purpose of diamonds is to determine so called 'diamond S/R' zones that can be used for further analysis.
- central hollow candle sorrounded by 2 filled candles. Example "redcandle - redcandle - greencandle - redcandle - redcandle".
- and vice versa if central candle is filled one.
The diamond S/R zone is based on open and close values of central candle.
The arrows show where the diamond is placed, not the anticipated direction of move. The purpose of diamonds is to determine so called 'diamond S/R' zones that can be used for further analysis.
Release Notes
- Introducing upper and lower arrows to show whether diamond is surrounded by hollow or filled candles (in most cases it indicates further move of the price)- Optional (turn on/off) finding diamonds made of two center candles of same type (2 hollow or 2 filled) - it is ON by default
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com
- discord.gg/HyzyrtnpP3
My Twitter Account: twitter.com/Crypto_Investor
- discord.gg/HyzyrtnpP3
My Twitter Account: twitter.com/Crypto_Investor
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com
- discord.gg/HyzyrtnpP3
My Twitter Account: twitter.com/Crypto_Investor
- discord.gg/HyzyrtnpP3
My Twitter Account: twitter.com/Crypto_Investor
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.