FTB finder
- Индикаторы
- MARTIN HUDAK
- Версия: 1.0
- Активации: 5
These minimum requirements for a setup are implemented:
-one candle before and after FTR
-candle after FTR has to engulf FTR body
-the zone is whole FTR with the wicks and its drawn automatically (color can be changed)
-candle has to close outside the zone (this eliminates a lot of bad looking trades)
-two candles coming back to FTR zone have to be closed minimum in order to get alert (I dont like setups with one candle back to the zone)
-if candle coming back closes beyond the zone setup is invalid so you dont get alert (again removes bad setups)
-this indicator can measure range, so you set minimum pips you want. For up formation the range is measured from bottom of the FTR body to the top wick of first candle closed coming back to the zone…why? Because most of the time that wick is filled (this feature eliminates a lot of small range setups not worth taking)
-whatever candle touches the zone you get alert on opening next candle (but at least 2 candles coming back need to be closed), usually its confirm candle but anyway you have plenty of time to set your lot size, check compounding and risk etc.
- EMA is implemented in the way where if FTR candle closed above EMA you get only up formation alerts and vice versa (this eliminates counter trend setups)
- if traffic candle is closed you will not get an alert, only pure setup
-notifications for App and email
