This indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :)
The default RSI settings for this strategy are:
RSI Overbought: 80
RSI Oversold: 20
Length: 7
When the RSI gets above 80, the line will turn red and the script will begin looking for a specific...
Mark the limits of price that should be used to star a Impulse Reverse trade. A Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept.
A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has its unique combination of parameters that...
Mark the limits of the price that should be used to star a Impulse Reverse trade when a candle closes outside of it. A the Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept.
A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has...
Mark the candles that should be used to star a Impulse Reverse trade. A the Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept.
A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has its unique combination of parameters that best...
This is the strategy for the the "Impulse Reverse TR" indicator, which is an indicator that marks the candles that should be used to star a Impulse Reverse trade. The Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept.
A mean reversion trade is a type of trade that looks for price that has moved away significantly from...
This is the strategy for the the "Impulse Reverse" indicator, which is an indicator that marks the candles that should be used to star a Impulse Reverse trade. The Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept.
A mean reversion trade is a type of trade that looks for price that has moved away significantly from its...
Mark the candles that should be used to star a Impulse Reverse trade. A the Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept.
A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has its unique combination of parameters that best fit...
Based on "How Naked Trading Works" video by Walter Peters: youtu.be I don't know this person and I am in no way affiliated with him. I just found his video interesting enough to make this into a script.
Rules as described by Walter in his video:
1. if current candle makes a higher high than the previous one
2. and is a bearish engulfing candle
3. and has room to...
