In this strategy, we define the high and low of the previous candle, and then check whether the current candle's high or low is higher or lower than the previous candle's high or low, respectively. If there's a new high, we enter a long position, and if there's a new low, we enter a short position. We also set exit conditions to close the position if the price...
Hello traders!
How this indicator works?
The main functionality of this indicator is to find entry based upon SuperTrend indicator. This indicator helps us to find trapping candle to enter into the market.
What is a trapping candle?
A trapping candle is a candle that shows strength in opposite direction to SuperTrend. This helps us to enter in a trade before...
How To Initiate Long Trade-in Index Future/ Buy Call Options – 3 Min TF
▪ If The Index Futures Trades Above The VWAP, the Following Parameters are Checked For 2 Candle Theory on the long side
▪ RSI Trades Above 50 & Between 50-75/80
▪ Volume Of 2 Consecutive Bars Is Above 50 K for BN & 125 K For Nifty
▪ All the indicators (Parabolic SAR, Super Trend, VMA, VWAP)...
Finally, a price channel oscillator that works.
I programmed three flavors into this.
The first flavor uses the Fast and Slow EMA to check for the trend to ensure you don't trade in the wrong direction simply because the price crosses the previous highest high or lowest low (based on lookback bars).
The second flavor uses a seven point average of the...
Since I love to mix and match, here is something fresh and that actually works on the breakout of Ethereum without losing your ass on lagging indicators.
It blends some of the nice parts of my previous scripts while moving to big boy pants with a twist on the Fibonacci retracement using SMA and EMA at multiple levels to do a sanity check.
Is it too good to be...
BB - baby bar / inside bar
DF - downflow, meaning 20MA below 50MA
EXE - execution bar, indicator to short
Mainly to identify execution bar for shorting using inside bar identification and force top
The Rocket
I hope this helps you as much as it has me.
Suggestions:
Use with tech stocks with reasonably high volatility
Time-frames are flexible but a 1-3month window is best.
REQUEST: If you find this useful, please let me know. I'd like to improve this script further. Any suggestions or encouragement are greatly appreciated
The rocket is based on...
![CDNA: The Rocket : Profit Factor [Bradford_Fournier]](https://s3.tradingview.com/m/mdae6zCN_mid.png "The Rocket : Profit Factor [Bradford_Fournier]")
![BTCUSD: [H1B] 4 Hours Long/Short - h1b v0.4](https://s3.tradingview.com/b/bPyWn4Dn_mid.png "[H1B] 4 Hours Long/Short - h1b v0.4")
