PROTECTED SOURCE SCRIPT
DOGE_TRYING_SCALP_V093

dont use this
this is for my fri
he entire purpose of this indicator is to automate the difficult part of the strategy—finding the perfect two-candle setup. It makes trading the system simple, visual, and mechanical.
The Three Key Visuals on Your Chart
The indicator gives you three pieces of information. Understanding them is the key to using it effectively.
The Yellow Candle (The "Setup Candle")
What it is: This is the "Rejection Wick Candle." It's the first candle in the two-part pattern.
What it means: "Get Ready." A potential trade setup is forming, but it is NOT a signal to enter yet. It tells you that the market tried to push in one direction and failed.
Your Action: Do nothing. Simply pay close attention to the next candle that is forming.
The Signal Triangle (The "Entry Trigger")
What it is: A green "LONG" triangle below the candle or a red "SHORT" triangle above the candle.
What it means: "GO." This is your confirmation. It only appears after the candle following the yellow one has closed and confirmed the direction of the trade.
Your Action: This is your signal to enter the trade immediately at the market price.
The Stop Loss Line (The "Safety Net")
What it is: A solid green or red line that appears at the same time as the Signal Triangle.
What it means: This is the exact price where your initial Stop Loss should be placed. The indicator calculates it for you automatically based on the rules.
Your Action: After entering the trade, place your Stop Loss order at this price level.
Step-by-Step Guide to Trading a LONG (Buy) Signal
Let's walk through a live example.
Step 1: The Setup Appears
You are watching the 15-minute chart. The price has been dropping. Suddenly, a candle with a long lower wick closes and the indicator colors it YELLOW.
What this tells you: The sellers tried to push the price down, but buyers stepped in and rejected the lower prices. This is a potential bottom.
Your Action: Do nothing yet. You are now waiting for confirmation.
Step 2: The Confirmation and Entry Trigger
You wait for the next 15-minute candle to complete. It closes as a green (bullish) candle. The moment it closes, three things appear instantly:
A green "LONG" triangle appears below that confirmation candle.
A solid green line appears at the low of the previous yellow candle.
The background of the two-candle pattern is shaded.
What this tells you: The rejection has been confirmed by bullish momentum. The system's rules for entry have been met.
Your Action:
Enter a BUY (Long) trade immediately.
Place your Stop Loss at the level of the solid green line.
Step 3: Manage the Trade
The indicator has done its job of getting you into a high-probability trade with a defined risk. Now, you manage the trade manually according to the strategy's rules (trailing your stop loss under the low of each new candle that makes a higher high).
Step-by-Step Guide to Trading a SHORT (Sell) Signal
Now, let's look at the opposite scenario.
Step 1: The Setup Appears
You are watching the 15-minute chart. The price has been rising. A candle with a long upper wick closes and the indicator colors it YELLOW.
What this tells you: The buyers tried to push the price up, but sellers took control and rejected the higher prices. This is a potential top.
Your Action: Wait for confirmation.
Step 2: The Confirmation and Entry Trigger
You wait for the next 15-minute candle to complete. It closes as a red (bearish) candle. The moment it closes, you will see:
A red "SHORT" triangle appear above that confirmation candle.
A solid red line appear at the high of the previous yellow candle.
The background of the pattern will be shaded.
What this tells you: The rejection has been confirmed by bearish momentum. It's time to sell.
Your Action:
Enter a SELL (Short) trade immediately.
Place your Stop Loss at the level of the solid red line.
Step 3: Manage the Trade
Just like before, your entry and initial risk are set. Your job now is to manage the trade by trailing your stop loss above the high of each new candle that makes a lower low.
Summary of the Workflow
Check H1 Trend (Optional but Recommended): Look at the 1-Hour chart to know if you should be favoring Buys or Sells.
Wait for Yellow: On the M15 chart, wait patiently for the indicator to color a candle yellow.
Wait for the Triangle: Wait for the next candle to close. If a green or red triangle appears, the setup is confirmed.
Execute: Enter your trade and immediately set your stop loss at the line the indicator provides.
Manage: Manage the rest of the trade manually.
this is for my fri
he entire purpose of this indicator is to automate the difficult part of the strategy—finding the perfect two-candle setup. It makes trading the system simple, visual, and mechanical.
The Three Key Visuals on Your Chart
The indicator gives you three pieces of information. Understanding them is the key to using it effectively.
The Yellow Candle (The "Setup Candle")
What it is: This is the "Rejection Wick Candle." It's the first candle in the two-part pattern.
What it means: "Get Ready." A potential trade setup is forming, but it is NOT a signal to enter yet. It tells you that the market tried to push in one direction and failed.
Your Action: Do nothing. Simply pay close attention to the next candle that is forming.
The Signal Triangle (The "Entry Trigger")
What it is: A green "LONG" triangle below the candle or a red "SHORT" triangle above the candle.
What it means: "GO." This is your confirmation. It only appears after the candle following the yellow one has closed and confirmed the direction of the trade.
Your Action: This is your signal to enter the trade immediately at the market price.
The Stop Loss Line (The "Safety Net")
What it is: A solid green or red line that appears at the same time as the Signal Triangle.
What it means: This is the exact price where your initial Stop Loss should be placed. The indicator calculates it for you automatically based on the rules.
Your Action: After entering the trade, place your Stop Loss order at this price level.
Step-by-Step Guide to Trading a LONG (Buy) Signal
Let's walk through a live example.
Step 1: The Setup Appears
You are watching the 15-minute chart. The price has been dropping. Suddenly, a candle with a long lower wick closes and the indicator colors it YELLOW.
What this tells you: The sellers tried to push the price down, but buyers stepped in and rejected the lower prices. This is a potential bottom.
Your Action: Do nothing yet. You are now waiting for confirmation.
Step 2: The Confirmation and Entry Trigger
You wait for the next 15-minute candle to complete. It closes as a green (bullish) candle. The moment it closes, three things appear instantly:
A green "LONG" triangle appears below that confirmation candle.
A solid green line appears at the low of the previous yellow candle.
The background of the two-candle pattern is shaded.
What this tells you: The rejection has been confirmed by bullish momentum. The system's rules for entry have been met.
Your Action:
Enter a BUY (Long) trade immediately.
Place your Stop Loss at the level of the solid green line.
Step 3: Manage the Trade
The indicator has done its job of getting you into a high-probability trade with a defined risk. Now, you manage the trade manually according to the strategy's rules (trailing your stop loss under the low of each new candle that makes a higher high).
Step-by-Step Guide to Trading a SHORT (Sell) Signal
Now, let's look at the opposite scenario.
Step 1: The Setup Appears
You are watching the 15-minute chart. The price has been rising. A candle with a long upper wick closes and the indicator colors it YELLOW.
What this tells you: The buyers tried to push the price up, but sellers took control and rejected the higher prices. This is a potential top.
Your Action: Wait for confirmation.
Step 2: The Confirmation and Entry Trigger
You wait for the next 15-minute candle to complete. It closes as a red (bearish) candle. The moment it closes, you will see:
A red "SHORT" triangle appear above that confirmation candle.
A solid red line appear at the high of the previous yellow candle.
The background of the pattern will be shaded.
What this tells you: The rejection has been confirmed by bearish momentum. It's time to sell.
Your Action:
Enter a SELL (Short) trade immediately.
Place your Stop Loss at the level of the solid red line.
Step 3: Manage the Trade
Just like before, your entry and initial risk are set. Your job now is to manage the trade by trailing your stop loss above the high of each new candle that makes a lower low.
Summary of the Workflow
Check H1 Trend (Optional but Recommended): Look at the 1-Hour chart to know if you should be favoring Buys or Sells.
Wait for Yellow: On the M15 chart, wait patiently for the indicator to color a candle yellow.
Wait for the Triangle: Wait for the next candle to close. If a green or red triangle appears, the setup is confirmed.
Execute: Enter your trade and immediately set your stop loss at the line the indicator provides.
Manage: Manage the rest of the trade manually.
Geschütztes Skript
Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Geschütztes Skript
Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.