PROTECTED SOURCE SCRIPT
SSS50 Status
Updated
SSS50 Status Box with Auto Chart Levels and Labels
I made this indicator due to receiving a lot of messages on how to use my other SSS50% indicators. This indicator helps you learn and understand the Sara Strat Snipers 50 Percent Rule. Remember this indicator does not tell you when to buy or sell this is a guide on the setup ONLY.
You Must Use Rob Smith's The Strat Principles and Remember we need TIME in our favour. Ideally we want to see setups go In-Force early on during the candles lifespan (Timeframe).
Using the indicator logic, the SSS50% Rule has FOUR Conditions:
How to Use this Indicator?
Add Indicator to your chart and open up the Indicator's Settings.
- Any issues let me know.
- Note I removed the price tags (used in my previous SSS50 indicators) from the right of the line to avoid clutter. Now you can see the current price move through the High, Low and 50% level lines.
- No alerts setup within script, just manually click the plus sign on each level if you wish to add alerts.
I made this indicator due to receiving a lot of messages on how to use my other SSS50% indicators. This indicator helps you learn and understand the Sara Strat Snipers 50 Percent Rule. Remember this indicator does not tell you when to buy or sell this is a guide on the setup ONLY.
You Must Use Rob Smith's The Strat Principles and Remember we need TIME in our favour. Ideally we want to see setups go In-Force early on during the candles lifespan (Timeframe).
Using the indicator logic, the SSS50% Rule has FOUR Conditions:
- 1. SSS50 INVALID = No Trade = The Candle is currently an Inside Bar OR a Green 2UP OR a Red 2DOWN.
- 2. SSS50 STANDBY = Failed 2* = The Candle is currently a Failed 2UP (Red 2UP) OR a Failed 2DOWN (Green 2DOWN).
- 3. SSS50 ACTIVE = Outside Bar Possible = The Candle is currently a Failed 2 and has crossed over the Previous Candles 50% level.
- 4. SSS50 COMPLETE = Outside Bar Complete = The Candle is now an Outside Bar.
How to Use this Indicator?
Add Indicator to your chart and open up the Indicator's Settings.
- 1. Select Indicators Timeframe.
- Chart = SSS50% rules will be applied to whichever timeframe chart you open.
- Single Timeframe = SSS50% rules will be only applied to one fixed timeframe when viewing on other timeframe charts. For Example: if you select Weekly. The Indicator's Status and Levels/Labels will only be displayed on your chart if the Weekly Candle has a SSS50 Standby, Active or Complete condition. - 2. Select Status Box On/Off. If ON - Select View Type.
- Normal View = Detailed View with Price Targets.
- Compact View = Condensed View to reduce chart clutter. - 3. Select AUTO or MANUAL Chart Levels/Labels. Select ONE type only or leave both off for no level/label display.
- AUTO = When an SSS50 STANDBY, ACTIVE or COMPLETE Condition occurs the related High, Low and 50% Levels will be displayed.
- MANUAL = When AUTO is OFF, MANUAL will display High, Low and 50% Levels always regardless of SSS50 Conditions. - 4. Select AUTO Features.
- Display High/Low and/or 50% Price Labels when using AUTO Chart Mode. - 4.1 Select AUTO Colors if required. Default to Traffic Light System.
- INVALID = Red
- STANDBY = Orange
- ACTIVE or COMPLETE = GREEN - 5. Select MANUAL Features if AUTO Chart Mode is OFF.
- Display High/Low and/or 50% Price Labels when using MANUAL Chart Mode. - 5.1 Select MANUAL Colors if required.
- 6. Additional Features. Title OR Timeframe available is Normal View. Title AND Timeframe BOTH available in Compact View.
- Show SSS50 Title next to Status Box.
- Show the indicators selected Timeframe next to Status Box. Timeframe will be displayed next to Status Box Only when ONE Individual Timeframe is selected. - 7. Color Settings.
- Match your chart's current Background Color to this color. - 8. Additional Settings
- Customise Label Offset Locations, Line Types and Line Types.
- Any issues let me know.
- Note I removed the price tags (used in my previous SSS50 indicators) from the right of the line to avoid clutter. Now you can see the current price move through the High, Low and 50% level lines.
- No alerts setup within script, just manually click the plus sign on each level if you wish to add alerts.
Release Notes
Script Update for defaultsRelease Notes
Script updated to fix minor issue with label display when using individual timeframe mode.Release Notes
Script updated to fix minor issue with Outside Bar Complete logic.Release Notes
Script updated to fix minor issue with Status Box color.Release Notes
Script update to fix issues with Standby logic.Release Notes
Script updated to fix issue with Standby and Invalid conditions
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.