SCE - Single Candle Entry

19 thg 12, 2024

The SCE - Single Candle Entry Strategy indicator is designed for traders looking to capitalize on powerful single-candle patterns and their combinations to identify potential entries and reversals. This indicator focuses specifically on The Strat methodology, making it accessible for both scalpers and swing traders across any timeframe.

Key Features

• Identifies and marks number 3 candles (outside bars)
  
• Detects powerful 3-2 combinations
  
• Shows extra strong setups with potential reversal signals
  
• Clean and uncluttered visual design
  
• Customizable display options
  
• Comprehensive alert system
  

Understanding the Signals

Number 3 Candles

• A number 3 is an outside bar that makes both a higher high AND lower low than the previous candle
  
• Bullish 3: closes above its open (marked with green '3')
  
• Bearish 3: closes below its open (marked with red '3')
  

3-2 Combinations (★)
A powerful setup occurs when a number 2 follows a number 3 in the same direction:

• Bullish: A bullish 3 followed by a bullish 2 that closes above the high of the 3
  
• Bearish: A bearish 3 followed by a bearish 2 that closes below the low of the 3
  

Strong 3-2 Combinations (⚡)
Even more powerful setups that could indicate potential reversal points:

• Strong Bullish: A bullish 3-2 that forms after a bearish candle
  
• Strong Bearish: A bearish 3-2 that forms after a bullish candle
  

Settings
The indicator allows you to toggle:

• Number 3 candles display
  
• Regular 3-2 combinations
  
• Strong 3-2 combinations
  

Tips for Usage

• Look for strong 3-2 combinations (⚡) as potential reversal signals
  
• Combine with other indicators or price action for confirmation
  
• Use the alerts function to ensure you never miss a setup
  
• Works effectively on any timeframe
  
• Can be used for both scalping and swing trading
  

Disclaimer
This indicator is meant for educational and informational purposes only. Always conduct your own analysis and manage your risk appropriately.

Get ready to simplify your entries.

20 thg 12, 2024

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