Todays scripts is for the INTRADAY Traders who would use a timeframe setup like (3m,5m,10,15m)
This script is a candle filter for Pulllbacks, Rally Candle, Hammers.
Ive added a new condition = RSI Overbought for the Rally Candle and Oversold for the Pullback to eliminate weak candles.
Also there is a ema filter if you want to only use the pullbacks above '50ema' etc...
Rules 1) Price action must be in place before we look for the signals 2) Trade in high probably areas such as Demand and Supply zones /// Support and Resistance zones 3) Dont trade Pullbacks when sentiment is Bearish 4) Dont trade Rallys when sentiment is Bullish
Pullback candle on INTRADAY TIMEFRAME
This was taken from ADA/USDT 31/05/2022 (Recent)
10M chart
Forex Example
Rally Candle on INTRADAY TIMEFRAME
This was taken from AXS/USDT 31/05/2022 (Recent)
Forex Example
How to trade this candles.
Stop loss = ATR *1 minimum Take Profit = RR of either 4/5 when the market is trending // When the market is ranging - look to key levels for take profit
Im open to ideas to improve this script for the INTRADAY Traders as I'm more of a Swing Trader
If you enjoy this script please leave a like and comment as your support is much appreciated.