PROTECTED SOURCE SCRIPT
Three Salesmen v2
Help find signals to for short positions.
This indicator detects 3 bullish followed by 1 bearish engulfing (engulfing all three bullish candles).
It has a debug function to confirm that it is detecting the correct candles.
It has an additional "strength" indicator based on RSI.
In the settings, you will find:
- RSI Threshold 1
if this condition is satisfied, this will plot a "+" to your signal
- RSI Threshold 2
if this condition is satisfied, this will plot a "++" to your signal
Use with care and use only in conjunction with your wider analysis on support & resistance and overarching bias for your trade entry.
This was originally developed to help me identify one of my favourite patterns, inspired by "The Moving Average" (check them out on youtube).
This indicator detects 3 bullish followed by 1 bearish engulfing (engulfing all three bullish candles).
It has a debug function to confirm that it is detecting the correct candles.
It has an additional "strength" indicator based on RSI.
In the settings, you will find:
- RSI Threshold 1
if this condition is satisfied, this will plot a "+" to your signal
- RSI Threshold 2
if this condition is satisfied, this will plot a "++" to your signal
Use with care and use only in conjunction with your wider analysis on support & resistance and overarching bias for your trade entry.
This was originally developed to help me identify one of my favourite patterns, inspired by "The Moving Average" (check them out on youtube).
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