Indicator
Select time frames to be used 1m,5m,15m, 30m, 1h,4h,D1,W1,M1 (tick box so as multiple boxes can be selected)
Signal Long Trade
· 20 simple moving average above 50 simple moving average
· Last 5 candles close above the 50 simple moving average
· Inside bar candle stick formation
· Either of the next 2 candle stick moves (bearish) outside of the mother bar range of the Inside bar formation
· If the 1 stcandle moves out of the range of the mother bar, after the Inside bar formation, then the next candle closes inside the range of the mother bar or the following candle.
· If the 1 stcandle closes inside the mother candle range and the 2 ndcandle moves out of the range of the mother bar, after the Inside bar formation, then the following candle must close within the range of the mother bar.
A signal is sent to Telegram telling me the pair, the timeframe and the direction and a notification in MT4.
An arrow showing the price action.
Signal Short Trade
· 20 simple moving average below 50 simple moving average
· Last 5 candles close below the 50 simple moving average
· Inside bar candle stick formation
· Either of the next 2 candle stick moves (bullish) outside of the mother bar range of the Inside bar formation
· If the 1st candle moves out of the range of the mother bar, after the Inside bar formation, then the next candle closes inside the range of the mother bar or the following candle.
· If the 1st candle closes inside the mother candle range and the 2nd candle moves out of the range of the mother bar, after the Inside bar formation, then the following candle must close within the range of the mother bar.
A signal is sent to Telegram telling me the pair, the timeframe and the direction and a notification in MT4.
An arrow showing the price action.
Long example of candle stick pattern:
Mother & Baby bar represent (inside bar)
Benzer siparişler
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