The strategy is based on candle patterns, with confluence indicators. Note some of the candles are rare, they can be found only a specific timeframe, or within specific stocks. The added patterns are as follows: - Bullish Engulfing It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that...
Following on from the previous Pullback Candle which smashed over 100 likes - here we have the strategy behind the indicator. Signal = Pullback Candle (This will alert on all timeframes and markets when selecting the Alert function for the Signal Entry = When the Pullback Candle is confirmed ie 16:00 - the strategy will enter within the next two candles. Stop...
Hello traders, Let’s start with a brief description of what this strategy/indicator is and what it does and how we trade based on Alpha Candles. The definition of an Alpha Candle is that it is mathematically calculated, and significantly bigger than the previous candles. This could be a green candle or a red candle, as long as the body is significantly...
This strategy allows you to pick from 9 different candlestick patterns, and test them against historical data from your chart. You can get a good idea what patterns work best for each chart by turning each pattern on and off in the settings.
This is a basic strategy that will buy after a hammer is printed, and sell when a predetermined risk or reward price is hit. You can change the risk and reward values in the settings. Risk and reward values are in increments of $0.01. Default values are 75 ($0.75) and 200 ($2.00). If the strategy is producing losses, try adding a zero to the end of the risk value...