This is a inside candle strategy based trading identifier. The basic idea is this
1. It will identify entry point if the previous candle was fully engulfed under the one previous
2. Then depending on the trend and your other indicators/thought process - you can take an entry
3. It is normally a good idea to keep the low of the bigger candle as your SL
1. It will identify entry point if the previous candle was fully engulfed under the one previous
2. Then depending on the trend and your other indicators/thought process - you can take an entry
3. It is normally a good idea to keep the low of the bigger candle as your SL
Versionshinweise:
added more comments
Versionshinweise:
Added condition of sma(high,9) as that gives better entry.
Versionshinweise:
Added more comments for user understanding
Versionshinweise:
Separated the long and short entries
Versionshinweise:
1. Added a trigger pointer to all inside candle formations, irrespective of their 9 sma placement
2. Based on available and repeated patterns, marked the long and shorts with higher success probabilities, primarily based on 9 sma, and candle wick size
2. Based on available and repeated patterns, marked the long and shorts with higher success probabilities, primarily based on 9 sma, and candle wick size
Versionshinweise:
Shortened the on screen text to make it visually cleaner
Versionshinweise:
Added 9 sma h crossover on 20 SMA marker
Versionshinweise:
Added short crossover as well