Description : Uses all the following indicators as a default pre-set template 1. SMA 200 (longer term for direction/trend) 2. EMA 20 (shorter term for assisting with entry) 3. EMA 50 (medium term for assisting with entry)
FEATURES - Allows you to switch off showing moving averages and all other chart objects so that you can see price action VERY clearly - Allows you to show the most significant bearish candle patterns (for shorts) or bullish candle patterns (for longs) - Allows you to show the most significant bearish or bullish candle patterns relative to the longer term SMA (200 being the default) - Allows you to show bearish and bullish candle patterns relative to the various EMAs - Allows you to employ good trade and risk management by SCORING YOUR TRADE and allows you to tick off on some good checklist items in order before taking a trade, showing the result on the chart as a "score ranking" (HIGH, MEDIUM, LOW) so that you can journal your trade and validate that you took a disciplined trade
SUMMARY
This is a Price Action based indicator that allows you to pickup some good default settings for any market and display the most significant candlestick patterns, with the key differentiators being:
- this indicator will show you the most significant profitable candle patterns and you can select to show bullish or bearish setups, or those relative to the longer direction SMA (shows only bullish candles when price is above SMA and only bearish candle patterns when price is below SMA - for safer trades) - it allows you to SCORE YOUR TRADE with a pre-set checklist BEFORE taking a trade, which is especially good for any experienced trader so that you are continuing to trade your plan and plan your trade - The scoring systems helps with journaling your trades so that you can show your trade setups and provide evidence that you followed some basic rules and discipline, assisting you to become a better trader
版本注释
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UPDATES
- Added clearer explanation in alerts if candle pattern is a bullish or bearish signal - Added alerts for PinBars and Inside Bars - Added patterns and alerts for Engulfing candles
Please see link at the bottom to get access to this indicator