This indicator colors the candle body based on whether it closed as an Inside Bar (IB) or an Outside Bar (OB).
Inside and outside bars can be powerful triggers to enter or exit trades from, when price breaks above or below the candle.
The coloring of only the body and not the border of the candle makes it possible to still know whether the candle was...
OVERVIEW
The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature.
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This strategy is taken from Perry Kaufman's book "Trading System and Methods".
You can enter on the direction of the candle, or opposite to it. I find that the opposite tends to yield better results in volatile assets, allowing a better reward to risk ratio. There is no stop loss in this strategy, only a fixed take profit and a time limitation.
This is a swing forex strategy, adapted for big timeframes, such as 4h+.
For this example I adapted the strategy to EUR USD main forex pair.
Its components are:
Outside condition
Klinger Oscillator
Hull moving average
Rules for entry
For long: if current high is bigger than previous high and current is smaller than previous low and klinger is positive, close of...
This study draws a trend line for the last two Bill Williams up-fractals and down-fractals.
Trend line break signals and alerts can optionally be added.
Simple indicator, to show outside bars and inside bars
inside sellbar = "I" in red color
inside buybar = "I" in green color
Outside sellbar = "O" in red color
Outside buybar = "O" in green color
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PT-BR
Indicador simples, para mostrar outside bars e inside bars
inside sellbar = "I" na cor vermelha
inside buybar =...
![EURUSD: Candilator RSI [AstrideUnicorn]](https://s3.tradingview.com/a/aWwNQO7C_mid.png "Candilator RSI [AstrideUnicorn]")
