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Strat Signal Scanner (5/15/30/60/D) - Part 1
Updated
** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
*This scanner is Part 1 only. Please use with Strat Signal Scanner's (5/15/30/60/D) Part 2 and 3 for full function.
*A demo video of this indicator is available:
*Change indicators label color’s and adjust scanner window as required.
*Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer / Shooting Star combos if identified)
- Inside Bar
- 2UP
- 2DOWN
- Outside Bar
- Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
- Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
- Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
- Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
- 2U-1
- 2D-1
- 3-1
- 1-2U
- 1-2D
- 1-3
- 3-2U
- 3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
- 3-1-2U
- 3-1-2D
- 2U-1-2U
- 2D-1-2D
- 2U-1-2D
- 2D-1-2U
- 1-2U-2D
- 1-2D-2U
How to use the Strat Signal and Setup Scanner?
*Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (5/15/30/60/D) will line up with the setups signals.
*IMPORTANT: For the scan to work across ALL Timeframe Groups (5/15/30/60/D) successfully you must open a 5min chart on the stock you want to scan.
*Once the scan results are displayed with the 5min chart open you can then click on a 15/30/60/D chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
*For an example: a Successful (5/15/30/60/D) Scan = after you open a 5min chart only. If you open the 15min chart the (15/30/60/D) scan results will be correct but the 5min scan results will be incorrect. If you open the 30min chart the (30/60/D) results will be correct but the 5 and 15 scan results will be incorrect always go back to the 5min chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
- Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert? [/I]
- With a 1HR chart open click on Add Alert.
- Change Condition to Strat Signal Scanner Part 1, Part or Part 3
- Now select signal/setup in drop down box below example: ‘Inside 60’
- Click Create
- A Warning will appear, click ‘Continue anyway’. An alert is now set.
Release Notes
Label Location update.Release Notes
Image Update
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.