Flying Buddha Inside Bars Indicator v1 by JustUncleLDescription:
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This indicator plots MAs and paints Triggered Alert Arrows base on Flying Buddha candle patterns.
The “Flying Buddha” Pattern is defined as:
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A candlestick chart with two moving averages: the 5 period exponential moving average (fast EMA) and the 10 period simple moving average (slow SMA), both applied to the closing price. The default “Flying Buddha” pattern is any candlestick which:
1. Has a LOW above the fast EMA, when the fast EMA is above the slow SMA (a bearish “Flying Buddha”); or
2. Has a HIGH below the fast EMA, when the fast EMA is below the slow SMA (a bullish “Flying Buddha”).
Alert Trigger:
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A Flying Buddha Alert is triggered on the first candle that is a non-flying Buddha candle after a Flying Buddha Pattern candle sequence. Flying Buddhas can optionally be filtered by InsideBars and PinBars.
The Alert Trigger is optionally filtered by the Directional MA (default=EMA 89), and/or by Minimum Sequence length of Flying Buddhas.
Moving Averages:
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You can select between 11 different types of moving averages, for each MA line in Flying Buddha MAs (fastMA and slowMA) and the Directional Filter MA:
SMA = Simple Moving Average.
EMA = Exponential Moving Average.
WMA = Weighted Moving Average
VWMA = Volume Weighted Moving Average
SMMA = Smoothed Simple Moving Average.
DEMA = Double Exponential Moving Average
TEMA = Triple Exponential Moving Average.
HullMA = Hull Moving Average
SSMA = Ehlers Super Smoother Moving average
ZEMA = Near Zero Lag Exponential Moving Average.
TMA = Triangular (smoothed) Simple Moving Average.
NOTE: This is a concept indicator, I also intend to release a trading BOT suitable for Autoview, based on this concept indicator.
內包線
MACD (Moving Average Convergence/Divergence) + Inside BarMACD (Moving Average Convergence/Divergence) + Inside Bar so that free users can have two things in same indicator.
Script is open for everyone.
Check and test the code of Inside Bar and let me know if it is correct.
Feel feel to share.
Inside Bars - Rob Dee editCatch Inside Bars with ease with this tool.
Adjust the colour and intensity of the indication candle.
Fakey pattern (Inside Bar False Breakout)Inside Bar + False-Breakout = Fakey pattern
A Fakey pattern can have a pin bar as the false-break bar or not. Fakey’s are a very important and potent price action trading strategy because they can help us identify stop-hunting and provide us with a very good clue as to what price might do next.
