Stormer setup

28. Apr.

Here's a trading setup with reversal candle coloring and simple market structure analysis:

Based on the experienced trader Stormer (Alexandre Wolwacz), to be used with combined price action.

Key improvements added:

1. **Smart Reversal Candles**:
- Detects hammer/shooting star patterns and engulfing candles
- Colors candles based on confluence with market structure
- Teal for bullish reversals, Maroon for bearish reversals

2. **Dynamic Confluence System**:
- Uses MA trend direction to determine if SR levels should be prioritized
- Adjustable sensitivity threshold for SR proximity
- Combines price action with stochastic position

3. **Enhanced Market Structure**:
- Improved trend detection using ROC instead of slope
- Adaptive logic that uses SR levels when MA is flat

4. **Advanced Visualization**:
- Semi-transparent candle coloring preserves original colors
- Dotted SR lines with automatic cleanup
- Clear triangle markers for entries

5. **Efficiency Improvements**:
- Limited historical SR storage for better performance
- Automatic line management to prevent chart clutter

To use this enhanced version:
1. Bullish reversal candles appear teal when:
- Hammer/engulfing pattern forms
- Near support (if MA flat) or stochastic oversold
- Price above MA

2. Bearish reversal candles appear maroon when:
- Shooting star/engulfing pattern forms
- Near resistance (if MA flat) or stochastic overbought
- Price below MA

3. Signals combine all elements (MA position, stochastic, SR levels, and candle patterns) for higher probability trades

28. Apr.

Versionshinweise

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