Close Above/Below Prev 2 Candle (Daily Close)

This strategy identifies potential trend continuation or breakout signals by analyzing the daily candle closes relative to the previous two daily candles. It generates clear alerts and trade signals only after the daily candle has fully closed, reducing false intraday triggers.

How it works:

Long Entry (Bullish Signal): Triggered when the daily candle closes above the highs of the previous two daily candles.

Short Entry (Bearish Signal): Triggered when the daily candle closes below the lows of the previous two daily candles.

Visual Indicators: Green triangles indicate bullish signals, red triangles indicate bearish signals.

Strategy Features:

Optional long and short entries with configurable risk/reward ratio.

Automatic stop-loss and take-profit calculation based on candle structure.

Works on intraday charts using daily candle analysis.

Alerts:

Alerts trigger only after the daily candle closes above/below the previous two daily candles.

Helps traders receive precise notifications for potential breakout trades.

Benefits:

Reduces noise by using daily candle closes.

Easy to integrate with other swing or trend strategies.

Provides clear visual and alert signals for both bullish and bearish setups.