Requested Update to this Indicator alert project. In this update I have added the option to be able select which Price Action candles you want included in the display and the generated alarm Alert. Other changes also included in this update:
This is a trend following indicator and alert for Binary Options based on Candlestick patterns and trend line -
NOTE: original system was a forex trading system.
This code combines a number of indicators to create an overall trading strategy.
The indicator recognises and displays some useful candle named defined patterns that are used to support trend continuation:
The fractal upper/lower break lines are also draw, if the (optional) last fractal break line is broken by a highlighted bar then this indicates a stronger trend conformation.
The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.
This multi-indicator set up is suitable for 1hr, 4hr and daily charts with 1-4 candle expiry.
References and Inspiration from:
- Also added a Price Action candle for "Last Fractal S/R Break", this also a good continuation indication.
- Added option to select a different moving average types for directional MA line.
- Modified some default settings, using HullMA instead of Zero Lag EMA and standard MACD settings(12,26,9).
This is a trend following indicator and alert for Binary Options based on Candlestick patterns and trend line -
NOTE: original system was a forex trading system.
This code combines a number of indicators to create an overall trading strategy.
The indicator recognises and displays some useful candle named defined patterns that are used to support trend continuation:
- Bearish + Bullish PinBars
- Dark Cloud Cover
- Piecing Line
- Bullish + Bearish Harami
- Bullish + Bearish Engulfing Candle
- Bullish + Bearish Last Fractal S/R break
- Yellow = Inside Bar - breakout/continuance
- Orange = Outside Bar - breakout/continuance
- Aqua/Fuschia = Up/Down Shaved Bars - Buying/Selling pressure
- Red/Green = Possible reversal PinBars - Reverse Down / reverse Up
The fractal upper/lower break lines are also draw, if the (optional) last fractal break line is broken by a highlighted bar then this indicates a stronger trend conformation.
The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.
This multi-indicator set up is suitable for 1hr, 4hr and daily charts with 1-4 candle expiry.
References and Inspiration from:
- Fractal Levels by RicardoSantos
- Almost Zero Lag EMA
- Candlestick Patterns With EMA by rmwaddelljr
- CM_Price-Action-Bars by ChrisMoody
- www.forexstrategiesr...1-candlestick-trend/
- "Scalp Jockey - MTF MA Cross Visual Strategizer by JayRogers"
JustUncleL