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
Versionsinformation:
added more comments
Versionsinformation:
Added condition of sma(high,9) as that gives better entry.
Versionsinformation:
Added more comments for user understanding
Versionsinformation:
Separated the long and short entries
Versionsinformation:
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
Versionsinformation:
Shortened the on screen text to make it visually cleaner
Versionsinformation:
Added 9 sma h crossover on 20 SMA marker
Versionsinformation:
Added short crossover as well