This is a momentum strategy which attempts to identify when buying pressure or selling pressure is present in the markets.
How to trade the long side: Once a blue candle appears, enter Long on pullbacks into a blue candle for longs Place your stop loss on the opposite side of the blue candle. Target a previous high for longs How to trade the short side: Once a red candle appears, enter Short on pullbacks into a red candle for shorts Place your stop on the opposite side of the red candle. Target a previous low for shorts
リリースノート
Adds strong buy and sell zones to script.
リリースノート
Removes red line from chart image.
リリースノート
Adds the following features: Support and Resistance levels shown as:
Previous Day Highs/Lows
Previous Week Highs/Lows
Previous Month Highs/Lows
リリースノート
Removes daily / weekly / monthly levels as it makes chart too congested.
リリースノート
Assigns grades to strong buying and strong selling pressure.
A blue candle combined with a blue circle = High Strength Buying Pressure. A blue candle combined with a orange circle = Medium Strength Buying Pressure. A blue candle combined with a yellow circle = Low Strength Buying Pressure.
A red candle combined with a red circle = High Strength Selling Pressure. A red candle combined with a orange circle = Medium Strength Selling Pressure. A red candle combined with a yellow circle = Low Strength Selling Pressure.