JustUncleL

Candlestick Trend Indicator v0.5 by JustUncleL

Requested Update to this Indicator alert project. In this update I have added the option to be able select which Price Action candles you want included in the display and the generated alarm Alert. Other changes also included in this update:
  • Also added a Price Action candle for "Last Fractal S/R Break", this also a good continuation indication.
  • Added option to select a different moving average types for directional MA line.
  • Modified some default settings, using HullMA instead of Zero Lag EMA and standard MACD settings(12,26,9).

Description:
This is a trend following indicator and alert for Binary Options based on Candlestick patterns and trend line -
NOTE: original system was a forex trading system.
This code combines a number of indicators to create an overall trading strategy.
The indicator recognises and displays some useful candle named defined patterns that are used to support trend continuation:
Also recognises main Price Action candles from ChrisMoody ( CM ), the four(4) price action patterns are colored coded bars:
  • Yellow = Inside Bar - breakout/continuance
  • Orange = Outside Bar - breakout/continuance
  • Aqua/Fuschia = Up/Down Shaved Bars - Buying/Selling pressure
  • Red/Green = Possible reversal PinBars - Reverse Down / reverse Up

The highlighted candles (maroon and darker green) represent the defined PA patterns that have been confirmed following the current trend direction that is indicated by the Hull MA(20) line (can select a different type of MA, or even disable) and confirmed by MACD direction (can be disabled). The confirmed Alerts are indication by green (buy) and red (sell) dots at the bottom of the chart. An alert is generated from this selection for the alert condition of the alarming system.
The fractal upper/lower break lines are also draw, if the (optional) last fractal break line is broken by a highlighted bar then this indicates a stronger trend conformation.
The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.

This multi-indicator set up is suitable for 1hr, 4hr and daily charts with 1-4 candle expiry.

References and Inspiration from:
  • Fractal Levels by RicardoSantos
  • Almost Zero Lag EMA
  • Candlestick Patterns With EMA by rmwaddelljr
  • CM_Price-Action-Bars by ChrisMoody
  • http://www.forexstrategiesresources.com/candlestick-forex-strategies/1-candlestick-trend/
  • "Scalp Jockey - MTF MA Cross Visual Strategizer by JayRogers"

開源腳本

秉持真正的TradingView精神,該腳本的作者將其開源發佈,因此交易者可以理解和驗證它。為作者加油!您可以免費使用它,但是在發佈中重複使用此程式碼受網站規則的約束。您可以把它加入到常用以在圖表上使用它。

想在圖表上使用此腳本?
JustUncleL

評論

Hello does this indicator work on lower time frames like 15 & 5 minute charts?
+52 回覆
Hi,

Can you please enable this script for me.

Thank you.
+9 回覆
JustUncleL azimbalbatti
@azimbalbatti, All my scripts are open and free to use, there is no restrictions on this indicator.
+15 回覆
brexitbrawl JustUncleL
@JustUncleL, You're Awesome!
+3 回覆
drdurga18 JustUncleL
回覆
LION_TRADERS JustUncleL
@JustUncleL, TNX FOR YOUR HELP PEOPLE
+1 回覆
Hey
Will this also work for stocks or only binary stock options?
+5 回覆
How can we convert into a strategy with clear entry points: Long &/or short so we could see a change for exmaple a input value & check whether it is relevant for a specific stock/currency in term of win ratio% & potential P/L. Because currently it is very difficult to read any potential entry point. Do you plan to post a strategy version?
+2 回覆
@JustUncleL , Can u update this to version 4?
+2 回覆