samc sessionsI used to manually draw lines to indicate impact zoones of sessions aand so i made this indicator to automatically ark up session lines at impact zones
which helps in visualizing historical data per day when viewd in TF like 5mins.
also tells you live as a session lapses.
this works fully on IDC and Pepperstone charts
it might not visualize Asian session for some brokers due to their price compiling standards: like using different day breaks etc.
i marked the sessions as following :
colors
ASIAN : YELLOW
EURO : BLUE
US : Red /pink
Chart patterns
Minervini-O'Neil Winner Patternthis is using a few indicators and some criterias. This is taken from oneail and minervenis ideas. Not sure if this is good or not just testing so done use it like a moron
Wyckoff Event Detection [Alpha Extract]Wyckoff Event Detection
A powerful and intelligent indicator designed to detect key Wyckoff events in real time, helping traders analyze market structure and anticipate potential trend shifts. Using volume and price action, this script automatically identifies distribution and accumulation phases, providing traders with valuable insights into market behavior.
🔶 Phase-Based Detection
Utilizes a phase detection algorithm that evaluates price and volume conditions to identify accumulation (bullish) and distribution (bearish) events. This method ensures the script effectively captures major market turning points and avoids noise.
🔶 Multi-Factor Event Recognition
Incorporates multiple event conditions, including upthrusts, selling climaxes, and springs, to detect high-probability entry and exit points. Each event is filtered through customizable sensitivity settings, ensuring precise detection aligned with different trading styles.
🔶 Customizable Parameters
Fine-tune event detection with adjustable thresholds for volume, price movement, trend strength, and event spacing. These inputs allow traders to personalize the script to match their strategy and risk tolerance.
// === USER INPUTS ===
i_volLen = input.int(20, "Volume MA Length", minval=1)
i_priceLookback = input.int(20, "Price Pattern Lookback", minval=5)
i_lineLength = input.int(15, "Line Length", minval=5)
i_labelSpacing = input.int(5, "Minimum Label Spacing (bars)", minval=1, maxval=20)
❓How It Works
🔶 Event Identification
The script scans for key Wyckoff events by analyzing volume spikes, price deviations, and trend shifts within a user-defined lookback period. It categorizes events into bullish (accumulation) or bearish (distribution) structures and plots them directly on the chart.
// === EVENT DETECTION ===
volMA = ta.sma(volume, i_volLen)
highestHigh = ta.highest(high, i_priceLookback)
lowestLow = ta.lowest(low, i_priceLookback)
🔶 Automatic Filtering & Cleanup
Unconfirmed or weak signals are filtered out using customizable strength multipliers and volume thresholds. Events that do not meet the minimum conditions are discarded to keep the chart clean and informative.
🔶 Phase Strength Analysis
The script continuously tracks bullish and bearish event counts to determine whether the market is currently in an accumulation, distribution, or neutral phase. This allows traders to align their strategies accordingly.
🔶 Visual Alerts & Labels
Detects and labels key Wyckoff events directly on the chart, providing immediate insights into market conditions:
- PSY (Preliminary Supply) and UT (Upthrust) for distribution phases.
- PS (Preliminary Support) and SC (Selling Climax) for accumulation phases.
- Labels adjust dynamically to avoid chart clutter and improve readability.
🔶 Entry & Exit Optimization
By highlighting supply and demand imbalances, the script assists traders in identifying optimal entry and exit points. Wyckoff concepts such as springs and upthrusts provide clear trade signals based on market structure.
🔶 Trend Confirmation & Risk Management
Observing how price reacts to detected events helps confirm trend direction and potential reversals. Traders can place stop-loss and take-profit levels based on Wyckoff phase analysis, ensuring strategic trade execution.
🔶 Table-Based Market Analysis (Table)
A built-in table summarizes:
- Market Phase: Accumulation, Distribution, or Neutral.
- Strength of Phase: Weak, Moderate, or Strong.
- Price Positioning: Whether price is near support, resistance, or in a trading range.
- Supply/Demand State: Identifies whether the market is supply or demand dominant.
🔶 Why Choose Wyckoff Market Phases - Alpha Extract?
This indicator offers a systematic approach to understanding market mechanics through the lens of Wyckoff's time-tested principles. By providing clear and actionable insights into market phases, it empowers traders to make informed decisions, enhancing both confidence and performance in various trading environments.
Powerful Gold & Nasdaq BotThe Powerful Gold & Nasdaq Trading Bot is a robust Pine Script strategy designed to generate strong buy and sell signals based on a combination of technical indicators. It is optimized for trading XAU/USD (Gold) and NASDAQ/USA100, leveraging a blend of trend-following and momentum-based strategies to identify high-probability trade setups.
🔹 Key Features:
✅ EMA Crossovers – Detects trend shifts using fast and slow exponential moving averages (EMA).
✅ RSI Confirmation – Ensures trades align with momentum by using the Relative Strength Index (RSI).
✅ MACD Signal Filtering – Confirms entries using MACD crossovers, reducing false signals.
✅ ATR-Based Stop Loss & Take Profit – Dynamically adjusts risk management using the Average True Range (ATR) multiplier.
✅ Long & Short Trades – Executes both buy and sell positions for full market coverage.
🔹 How It Works:
📌 Buy Entry: When the fast EMA crosses above the slow EMA, RSI is above 50, and MACD is bullish.
📌 Sell Entry: When the fast EMA crosses below the slow EMA, RSI is below 50, and MACD is bearish.
📌 Risk Management: Stop-loss and take-profit levels are set automatically based on ATR multipliers to optimize risk-reward.
🔹 Ideal for Traders Who:
✔️ Want automated, high-probability signals for Gold and Nasdaq.
✔️ Prefer dynamic risk management instead of fixed stop-loss and take-profit levels.
✔️ Need a fully structured and backtestable strategy on TradingView.
Süper Trend Tarzı AL-SATVadeli işlemler ve normal spot işlemler için hata payı çok düşük olan indikatörüm.
Süper trend'i örnek alarak geliştirilmiştir.
İz süren stoplar mevcuttur alımlar buna göre stop-loss eklenerek karlı alım satımlar yapılabilir.
[COW] Day Percent LevelsThis indicator plots on your chart 2 levels, the daily percentage changes required to know by most prop firms and other exchanges. 5% is often a cutoff point for prop firm day traders and can get you banned if you trade past these levels. This indicator allows you to adjust the percentage as well as the lines and labels to your liking.
This is key when using prop firms as it is a level you must be aware of when trading. This can help you avoid being banned, your account being closed, or other disciplinary action based on trading past these levels.
Enjoy!
Moving Average with Multiplier_AshuMoving Average with Multiplier_Ashu. this script takes into account lower and upper extremes and moving average multipliers
Landry Proper OrderLandry Proper Order Indicator
The Landry Proper Order indicator visualizes the positioning of three moving averages (MAs) to indicate the current trend. The indicator is highly customizable, allowing users to select different types of MAs (Simple Moving Average or Exponential Moving Average) and adjust their lengths. The indicator works on the principle that when the MAs are in a specific order, it indicates a strong trend in the market.
Key Features:
Customizable Moving Averages: Users can select the type of moving averages (SMA or EMA) and set custom lengths for each of the three MAs:
MA1 (default: 10)
MA2 (default: 20)
MA3 (default: 30)
Landry Proper Order Conditions:
Uptrend (Landry Up): When the MAs are ordered in an ascending manner: MA1 > MA2 > MA3.
Downtrend (Landry Down): When the MAs are ordered in a descending manner: MA3 > MA2 > MA1.
Visual Representation:
Background Color: The background color changes based on the trend:
Green when the MAs are in an uptrend.
Red when the MAs are in a downtrend.
Yellow when there is no clear order.
MA Colors: The moving averages are color-coded based on the trend:
Fuchsia for MA1 (when in trend).
Lime for MA2 (when in trend).
Red for MA3 (when in trend).
Gray for neutral or no trend.
Cumulative Trend Counters:
Displays the cumulative number of days the trend has been active in either an uptrend or downtrend.
Shows the percentage change from the start price in either trend.
Screener Functionality:
Alerts for the new formation of uptrends or downtrends, signaling a shift in the market's structure.
Users can receive an alert when the "Landry Proper Order" is active in either direction.
Alerts:
Alerts for the detection of a new "Landry Proper Order Up" or "Landry Proper Order Down" condition.
Alerts when the "Landry Proper Order" is active in either an up or downtrend.
TestMA-STATEOverview:
This Pine Script (version 6) is designed to generate trading events based on moving average (MA) behavior and dynamically calculated percentiles. It leverages a custom state machine library (version 7) from decrypt_capital to track and manage state transitions related to MA conditions, and it triggers alerts (and optionally, chart labels) when specific state transitions occur.
Key Components:
License & Metadata:
The script is distributed under the Mozilla Public License 2.0.
It carries copyright by decrypt_capital.
The title ("TestMA-STATE") and short title ("MA-STATE") are defined, and the script runs on an overlay with extended backtracking and drawing limits.
State Machine Integration:
The script imports the lib_statemachine_modified library (version 7) using the alias modSM.
A persistent state machine instance (MovingAverageDirection_SM) is created to manage various MA-related states.
Several state constants are defined to represent different market conditions, such as:
MA_SHORT_ABOVE_OVERBOUGHT: When the short MA low is above the overbought threshold.
MA_SHORT_CROSSUNDER_MID & MA_SHORT_CROSSUNDER_BIG: Conditions for bearish crossunders.
MA_SHORT_BELOW_OVERSOLD: When the short MA high is below the oversold threshold.
MA_SHORT_CROSSOVER_MID & MA_SHORT_CROSSOVER_BIG: Conditions for bullish crossovers.
Inputs & MA Calculation:
Users can choose the type of moving average (EMA, SMA, WMA, VWMA) and adjust lengths for short, mid, and big MAs.
Additional inputs include lookback length for percentile calculations and percentile thresholds for determining overbought and oversold boundaries.
The script computes:
Short MA Low and High: Based on the low and high series.
Mid MA and Big MA: Based on the average price (ohlc4).
Dynamic Percentile Boundaries:
Two functions (f_getPercentile() and f_getPercentileArr()) calculate dynamic percentile values from the MA data.
These functions determine the oversold and overbought boundaries used in the state transition conditions.
Timestamp & Alert Header Formatting:
A helper function (f_formatTimestamp()) formats timestamps into a human-readable form (e.g., "Tue 12 Mar 16:30").
This formatted time, along with ticker information and other details, is used to build an alert header.
State Transitions & Alerts:
The script calls the state machine’s step() method multiple times with conditions based on the relationship between MA values and the percentile boundaries.
For example:
A bullish condition is triggered when the short MA low moves above the overbought threshold.
A bearish condition is triggered when the short MA high falls below the oversold boundary.
Transitions are further refined by checking if the MA is rising or falling.
When specific state transitions occur (e.g., MA_SHORT_CROSSOVER_MID after MA_SHORT_BELOW_OVERSOLD), the script:
Checks that the transition is recent (using the barsSinceState() method).
Optionally creates a label on the chart.
Triggers an alert with a descriptive message.
Chart Plotting:
The script plots the calculated moving averages (short, mid, and optionally big) on the chart.
It also plots the dynamic percentile boundaries for visual reference.
Purpose & Usage:
Trading Signal Generation:
The primary goal is to monitor key MA conditions and trigger alerts when significant crossovers or crossunders occur. These events—such as bullish crossovers when the market recovers from oversold conditions or bearish crossunders when the market retracts from overbought conditions—can be used as trading signals.
Visualization:
Users have options to display the various moving averages and percentile boundaries directly on the chart, as well as optional labels that mark when an alert is generated.
Alerting:
When specific state transitions are detected, the script constructs and sends an alert message with a timestamp, ticker, and descriptive text, aiding traders in making timely decisions.
Triple SMAHere is a step-by-step guide in English on how to use the provided Pine Script for displaying three SMA indicators in TradingView:
Scalping PullBack Tool + RSI CrossoverThis Pine Script code is designed for **scalping trading strategies** by combining **Price Action Channel (PAC) & RSI Crossover signals**. It provides trend visualization, buy/sell signals, and alerts.
---
## **📌 Features:**
### ✅ **1. Price Action Channel (PAC)**
- A channel based on **Exponential Moving Averages (EMAs)**:
- `pacC`: EMA of closing price
- `pacL`: EMA of low price
- `pacU`: EMA of high price
- Used to detect price **pullbacks and breakouts**.
### ✅ **2. Exponential Moving Averages (EMAs)**
- Three EMAs to determine trend direction:
- **Fast EMA (89)**
- **Medium EMA (200)**
- **Slow EMA (600)** (optional)
- Trend is **Bullish** if `fastEMA > mediumEMA` and `pacL > mediumEMA`, and **Bearish** if `fastEMA < mediumEMA` and `pacU < mediumEMA`.
### ✅ **3. RSI Crossover System**
- **Relative Strength Index (RSI)** is calculated to measure momentum.
- **RSI-based EMA (9-period EMA of RSI)**
- **Buy Signal**: RSI crosses **above** RSI-EMA & RSI-EMA > 50.
- **Sell Signal**: RSI crosses **below** RSI-EMA & RSI-EMA < 50.
### ✅ **4. Visualization**
- **PAC Channel Fill**: Gray shading to highlight the price channel.
- **EMA Ribbons**: Green (Fast), Blue (Medium), Black (Slow).
- **Bar Coloring**:
- **Blue** if price > PAC upper band.
- **Red** if price < PAC lower band.
- **Background Coloring**:
- **Green** for bullish trends.
- **Red** for bearish trends.
- **Yellow** for neutral.
### ✅ **5. Alerts for Buy/Sell**
- **Buy Alert**: When RSI crosses **above** RSI-based EMA.
- **Sell Alert**: When RSI crosses **below** RSI-based EMA.
---
## **🛠 How to Use:**
1. **Apply the script** to a TradingView chart.
2. **Enable EMA and PAC Channel** to see trend direction.
3. **Watch for Buy/Sell signals**:
- **Green ‘BUY’ label** below bars.
- **Red ‘SELL’ label** above bars.
4. **Use alerts** to notify you of trading opportunities.
---
### **🔍 Summary**
This script helps scalpers and short-term traders **identify pullbacks & momentum shifts** using **PAC and RSI crossovers**. It provides clear **visual indicators & alerts** to assist in **quick decision-making**.
Let me know if you need modifications or explanations for specific parts! 🚀
Daily (Gann Pivot)Daily Gann Pivot Indicator - Description
The **Daily (Gann Pivot) Indicator** is a custom **Pine Script** tool designed to calculate and display **Gann-based pivot levels** on a price chart. It utilizes past **high, low, and close** values to determine key support and resistance levels that traders can use for potential price movement analysis.
**Features & Functionality**
1. **Customizable Inputs:**
- Select **source type** (default: `open` price).
- Adjust **lookback period** (`Days Back` setting).
- Choose from various **timeframes** (D, 2D, 3D, weekly, monthly, etc.).
2. **Pivot & Support/Resistance Levels:**
- **Main Pivot Level** (calculated as the average of previous period's HLC).
- **Standard Support & Resistance Levels (S1, S2, S3, S4, R1, R2, R3, R4)**.
- **Intermediate Levels** based on Gann calculations (`TR1`, `TS1`, `TR2`, `TS2`).
3. **Custom Display Settings:**
- Toggle visibility for **Pivot, Support, and Resistance Levels**.
- Enable **labels** for different pivot levels with adjustable text sizes.
- Choose **line style** (Solid, Dashed, Dotted) and extension direction (Left, Right, Both, None).
4. **Dynamic Updates & Auto-Plotting:**
- Automatically updates pivot levels **daily**.
- Adjusts lines when new trading periods begin.
- Labels key price levels with **Gann angles** (e.g., 90º, 180º, 270º, 360º).
---
### **How It Works**
- The script calculates the pivot point and price range from the **previous period**.
- It derives **support and resistance levels** using Gann’s pivot theory.
- If enabled, the script **plots lines and labels** for visual clarity.
- It updates dynamically with **new bars** and adjusts lines accordingly.
---
### **Who Can Use It?**
- **Day Traders & Swing Traders** looking for precise support/resistance levels.
- **Technical Analysts** applying Gann’s methodology.
- **Price Action Traders** who use pivots for trade setups.
---
This indicator helps traders **identify critical price levels** and potential turning points in the market based on **Gann’s pivot calculations**. 🚀
ORB MOTORB MOT - Opening Range Breakout Indicator (Educational purpos only)
The ORB MOT (Opening Range Breakout Multi-Option Tool) is a powerful TradingView indicator designed to help traders identify and capitalize on market breakouts based on the opening range. This tool provides extensive customization options, allowing traders to fine-tune their breakout strategies according to different timeframes and trading sessions.
Key Features:
Configurable Opening Range: Traders can define the opening range period (1, 2, 3, 5, 15, or 30 minutes) to suit their trading strategy.
Session-Based Analysis: The indicator automatically adjusts for market session times and provides an optional international override for different time zones.
Visual Representation: ORB levels are displayed with clear labels, shaded regions, and customizable colors for easy identification.
Breakout and Retest Detection: Identifies breakout points and potential retests, helping traders make informed decisions.
Multiple Price Targets: Calculates and plots key levels such as 50%, 100%, 150%, and 200% price targets for potential trade exits.
Fibonacci Extensions: Optional Fibonacci targets (21.2%, 61.8%) can be displayed for additional market confluence.
Alerts and Notifications: Provides alerts for breakout conditions, ensuring traders don’t miss critical movements.
How It Works:
The indicator calculates the high and low of the selected opening range.
Breakout points are identified when price crosses above or below the range.
The indicator plots multiple price targets based on the range's size.
Traders can visualize past ORB levels and retests for better trend analysis.
Alerts notify users of significant breakout events.
Who Can Use This Indicator?
Scalpers & Day Traders: Perfect for identifying quick breakout opportunities.
Swing Traders: Helps determine key levels for potential reversals or trend continuations.
Institutional & Retail Traders: Useful for analyzing market structure and setting price targets.
The ORB MOT indicator is a must-have tool for traders looking to refine their breakout strategy with precision and ease. Whether you're a beginner or an experienced trader, this indicator provides valuable insights into market movements and trading opportunities.
Asian Range x MNOR STDV°This script is an enhanced version of the "Fridays Asian Range" indicator, originally created by Toodegrees, with additional features inspired by ICT (Inner Circle Trader) concepts. It is designed to help traders identify key price levels and visualize building the daily power of three during the main trading sessions, incorporating quadrant levels to divide the range into meaningful zones for better decision-making.
Key Features
Asian and Midnight Opening Ranges:
Plots the high and low of the Asian session (7:00 PM - 12:00 AM EST) and Midnight Opening Range (12:00 AM - 12:30 AM EST).
Displays the range as a box on the chart, with customizable colors and styles.
Standard Deviation Levels:
Extends the range by plotting standard deviation levels above and below the high and low of the range.
These levels help identify potential support and resistance zones beyond the range.
Quadrant Levels (0.25, 0.50, 0.75):
Divides the range into four equal parts using horizontal lines at the 0.25, 0.50, and 0.75 levels.
These levels are inspired by ICT's concept of balance and imbalance, helping traders identify areas of value within the range.
Fully customizable: Users can choose the line color, style (Dashed, Dotted, Solid), and thickness (1-4).
Historical Sessions:
Allows users to display historical ranges for up to 20 sessions, providing context for price action over multiple days.
Timeframe Restriction:
Ensures the indicator is used on timeframes of 15 minutes or lower for optimal accuracy.
Daily Weekly Monthly Yearly OpensThis enhanced trading tool also incorporates a 50% body candle analysis alongside daily openings, offering traders additional precision in understanding market sentiment and potential price movements. The 50% body candle feature highlights the midpoint of a candlestick’s body, which can often signal a shift in momentum. When combined with daily opening prices, this feature offers valuable insights into how the market reacts from the start of each trading day, providing a contextual basis for setting entry and exit points.
By incorporating these elements, the indicator provides a clearer picture of market strength and potential reversals. The 50% body candle identifies potential price exhaustion or consolidation points, often marking the transition between different market phases. Meanwhile, the daily opening level serves as a key reference point for identifying intraday support and resistance levels, helping traders navigate short-term price fluctuations.
When paired with the market structure indicator and VWAP, the 50% body candle with daily openings creates a robust trading framework. This combination allows traders to align their strategies with both short-term and long-term market dynamics, improving trade accuracy, risk management, and overall profitability. Whether day trading or swing trading, this tool empowers traders to make more informed, data-driven decisions in any market condition.
FractalsIntroducing a comprehensive market structure indicator combined with the Volume-Weighted Average Price (VWAP), this tool aims to provide traders with a deeper understanding of price action and trend dynamics. The market structure component helps identify key market phases such as trends, consolidations, and reversals, offering insight into the overall market behavior. By tracking price patterns and fluctuations, it detects when a market shifts from bullish to bearish or vice versa, enabling traders to anticipate potential breakouts or trend continuations.
VWAP, on the other hand, acts as a dynamic benchmark that integrates both price and volume data to provide a more accurate measure of the market's average price over a given period. This powerful tool is widely used for assessing trade execution and identifying significant support and resistance levels. When combined with the market structure indicator, VWAP adds a layer of precision, highlighting the most relevant price levels that can guide traders in their decision-making process.
Together, these indicators allow for more informed trading strategies, whether you're executing short-term trades or planning longer-term positions. The synergy between market structure analysis and VWAP empowers traders to better navigate volatile markets, making it an indispensable tool for those aiming to enhance their trading edge.
Mark Large Open-Close Candles with Reversal CheckBasic candle movement indicator
If candle consolidates for n candles and breaks out
If candle reverses after continuous drop or rise
Swing Trading Trend DirectionEasily identify trend direction. Use in conjuction with analysis of other confirmation to make probable trading decisions.
TRH Backtest SMA ATR Variable RRThis strategy is a trend-following strategy that uses three Simple Moving Averages (SMAs) and the RSI indicator to identify entry and exit points. It also incorporates a dynamic risk-reward ratio based on specific conditions.
Here's a breakdown of the strategy's components and logic:
SMAs: The strategy uses three SMAs with periods of 7, 25, and 99. These SMAs help to identify the overall trend of the market.
RSI: The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.2 In this strategy, it's used to determine stop-loss levels
ADX + RSI with Buy/Sell SignalsADX Calculation:
Measures trend strength.
If ADX > 25, it indicates a strong trend.
RSI Calculation:
Determines overbought/oversold conditions.
Buy signal: RSI crosses above 30 (exiting oversold) & ADX > 25.
Sell signal: RSI crosses below 70 (exiting overbought) & ADX > 25.
Visualization:
ADX (red line) and RSI (blue line) are plotted.
Thresholds at 25 (ADX), 30 (RSI oversold), and 70 (RSI overbought).
Background colors indicate overbought (red) and oversold (green) RSI zones.
Alerts & Buy/Sell Markers:
"B" appears when a buy condition is met.
"S" appears when a sell condition is met.
Alerts notify users of potential trade opportunities.
Heiken Ashi Reversal ExitShows when their is a reversal signal, using Heiken Ashi and Orb this signals when the first candle is reversing.
Blood MoonsBlood Moon Dates
Description:
This indicator overlays vertical lines on your chart to mark the dates of total lunar eclipses (commonly known as "Blood Moons") from December 2010 to May 2040. Designed with cryptocurrency traders in mind, it’s perfect for analyzing potential correlations between these celestial events and price movements. The lines are drawn on the first bar and extend across the chart, making it easy to spot these dates on any timeframe.
Features:
Plots vertical lines for 19 Blood Moon events (2010–2040).
Customizable line color, style (solid, dotted, dashed), and width.
Option to toggle lines on/off for a cleaner chart.
Lines extend both ways for maximum visibility across your chart.
Settings:
Show Lines: Enable or disable the lines (default: enabled).
Line Color: Choose your preferred color (default: red).
Line Style: Select solid, dotted, or dashed (default: dotted).
Line Width: Adjust thickness from 1 to 5 (default: 2).
Usage:
Add this indicator to your chart to visualize Blood Moon dates alongside price action. Customize the appearance to suit your analysis style. Note: Lines are plotted based on timestamps and extend across the chart, so they’re best viewed on daily or higher timeframes for clarity.
Disclaimer:
This is an educational tool and not financial advice. Past performance does not guarantee future results. Use at your own risk.
Mushir's Inside Candle IndicatorThis indicator detects inside candle formations on the chart’s current timeframe. It highlights when a candle’s range is fully engulfed by the previous candle’s range, provided the previous candle meets specific criteria.
How It Works ?
It shows the formation of inside candle on the charts to help in find trades.
Mother Candle Validation
The previous candle must be a “leg candle” with a strong body and minimal wicks relative to its body size, ensuring a robust structure.
Inside Candle Detection
The current candle qualifies as an inside candle if:
Its high is ≤ the previous candle’s high.
Its low is ≥ the previous candle’s low.
Why Use This Indicator?
Adapts to the chart’s current timeframe—no manual adjustments needed.
Easily gives you the identification of inside candles
Minimalistic Design
Better results in trending market
How to use it?
- when the inside candle is formed there are certain conditions:
1. if the next candle first crosses the high of inside candle, look for a potential buy trade with RR as 2:1 while stoploss being just below the low of inside candle.
2. if the next candle first crosses the low of inside candle, look for a potential sell trade with RR as 2:1 while stoploss being just above the high of inside candle.
3. if 2:1 is achieved, then increase the partial target to 3:1 while bringing the stoploss to the entry point.
4. if the high is crossed first and then the low is crossed or vice versa then the trade is invalidated.
Happy Trading!
