OPEN-SOURCE SCRIPT
3 PRICE ACTION CANDLESTICK RULES
Updated
Simple rule to buy and sell
Buy when
Current high>previous high
current low>previous low
current close>previous high
Sell when
Current high<previous high
current low<previous low
current close<previous low
Buy when
Current high>previous high
current low>previous low
current close>previous high
Sell when
Current high<previous high
current low<previous low
current close<previous low
Release Notes
1st set Ema cross of 50 and 200
2nd set
Give buy signal when price cross above buy alert candle and sell signal when price cross below sell alert candle
Buy alert candle:
Current candle high > previous candle high
Current candle low > previous candle low
Current candle close > previous candle high
Sell alert candle :
Current candle high < previous candle high
Current candle low < previous candle low
Current candle close < previous candle low
Release Notes
1st set Ema cross of 50 and 200
2nd set
Give buy signal when price cross above buy alert candle and sell signal when price cross below sell alert candle
Buy alert candle:
Current candle high > previous candle high
Current candle low > previous candle low
Current candle close > previous candle high
Sell alert candle :
Current candle high < previous candle high
Current candle low < previous candle low
Current candle close < previous candle low
Open-source script
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