Pullback Candles - Long and Short Alerts - ✟LRI✟
Very simple code which detects a pullback candlestick in either long or short direction.
Green crosses are pullbacks, and red crosses are pullbacks in short direction (called Pullfront in alerts)
This is useful when combined with other T.A. such as trendlines or supply and demand analysis.
There is an EMA filter to reduce the number of false signals.
This script is non repainting. However, be careful to set the alerts as "once per bar close" as the script can have a live alert form for many bars before finally printing.
Enjoy, and appreciate feedback
Green crosses are pullbacks, and red crosses are pullbacks in short direction (called Pullfront in alerts)
This is useful when combined with other T.A. such as trendlines or supply and demand analysis.
There is an EMA filter to reduce the number of false signals.
This script is non repainting. However, be careful to set the alerts as "once per bar close" as the script can have a live alert form for many bars before finally printing.
Enjoy, and appreciate feedback