POWER OF STOCK'S 5 EMA BUY / SELL
Indicator is based mainly on two conditions :
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
Phát hành các Ghi chú:
Added option to check previous signals, which will help to back test.
Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
Phát hành các Ghi chú:
Code added for alert candle trade.
Phát hành các Ghi chú:
Bar color & Label color are editable now. ( Both will have same color)
Phát hành các Ghi chú:
Buy Sell signal only generated when alert candle high/low breaks.
Phát hành các Ghi chú:
Small change.
Phát hành các Ghi chú:
Buy Sell mark below/above candle.
Bar color only for high/low breaching candle.
Bar color only for high/low breaching candle.
Phát hành các Ghi chú:
Color Bug Fix.
Phát hành các Ghi chú:
What's new ---
Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
Phát hành các Ghi chú:
Small Bug Fix.
Phát hành các Ghi chú:
Calculation error updated.