In this indicator we are looking for HH & LL to create an ABC pattern.
Shorts are defined by an ABC pattern.
Short: * Starting with a low to a Higher High * Breaking that trend to a new low * Creating a new Higher High (FOMO HH) * If the price breaks below the previous HH we have our entry.
Longs:
* Starting with a Hight to a Lower Low * Breaking that trend to a new high * Creating a new Lower Low (FOMO LL) * If the price breaks above the previous LL we have our entry.
Stop loss just above or below the FOMO LL/HH. Take Profit using a Fib or Risk to Reward.
WARNING: - For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE. - Plots EMAs and other values on chart. - This script to change bars colors.
If you have any questions or feedback, please let me know in the comments.