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I am looking for and indicator that finds out Morning/Evening stars pattern.
But I would want to control some parametres to adjust them myself:
1. A Down/Up Trend clear definited. This can be visually seen on some indicator or SMA (We could have both options to confirm the trend)
- MACD: +- 0
- SMA50: Above/Below
*We could have the option to disable them
To be significant the evening star needs to appear as the highest point on the most recent uptrend. That is the middle candle should be the high point in the recent time period. If the market preceding the pattern was flat or if the pattern appears on a minor upward wave the signal is far more ambiguous.
- Position Range: Look last "x" candles o confirm the entry
2.Large bearish candle
- Real Body/Total Range: %
- Min/Max Candle Range: x pips
The other point to keep in mind is the overall size. The first candle should be large relative to those just before it. This means there was a wide price range that’s characteristic of a trend top. This suggests late entrants are pushing the market higher – often on thin volume – and into oversold territory.
- Candle Range Confirmation: Look last "x" candles to confirm the entry
*We could have the option to disable this function
3. Small bullish/bearish candle
- Real Body/Total Range: %
- Min/Max Candle Range: x pips
4.Large bullish candle
- Real Body/Total Range:: %
- Min/Max Candle Range: x pips
- Close: % (50%) for example
I am not good with English. If it is posible I would prefer Spanish language to comunicate.
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Arabuluculuk
21
24%
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52%
Arabuluculuk
53
36%
/
40%
Arabuluculuk
11
27%
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55%
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