POWER OF STOCK'S 5 EMA BUY / SELL
Indicator is based mainly on two conditions :
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
הערות שחרור:
Added option to check previous signals, which will help to back test.
Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
הערות שחרור:
Code added for alert candle trade.
הערות שחרור:
Bar color & Label color are editable now. ( Both will have same color)
הערות שחרור:
Buy Sell signal only generated when alert candle high/low breaks.
הערות שחרור:
Small change.
הערות שחרור:
Buy Sell mark below/above candle.
Bar color only for high/low breaching candle.
Bar color only for high/low breaching candle.
הערות שחרור:
Color Bug Fix.
הערות שחרור:
What's new ---
Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
הערות שחרור:
Small Bug Fix.
הערות שחרור:
Calculation error updated.
הערות שחרור:
New -
1. Added extra condition for trading with POS alert candle. While generating signals it will now consider RSI value also. It is made available separately(4'th option). You can also change respective RSI values as per your requirement.
2. Table is added which will shown RSI value.
1. Added extra condition for trading with POS alert candle. While generating signals it will now consider RSI value also. It is made available separately(4'th option). You can also change respective RSI values as per your requirement.
2. Table is added which will shown RSI value.
הערות שחרור:
New Update Contains :
1] Daily VWAP
2] CPR – Daily & Tomorrow.
3] Virgin CPR ( Supported Timeframes : 1,3,5,10,15,25,30,60,75 )
4] HIGH/LOWS:
a) Previous Day/ Week / Month
b) Current Day/ Week / Month
c) ATH/ATL/52 Week High/Low
1] Daily VWAP
2] CPR – Daily & Tomorrow.
3] Virgin CPR ( Supported Timeframes : 1,3,5,10,15,25,30,60,75 )
4] HIGH/LOWS:
a) Previous Day/ Week / Month
b) Current Day/ Week / Month
c) ATH/ATL/52 Week High/Low
הערות שחרור:
Added option to change colors for BB Basis, Upper & Lower.
Added Weekly VWAP.
Removed EMA Segment as there is already 20 SMA & 5 EMA is present.
Added Weekly VWAP.
Removed EMA Segment as there is already 20 SMA & 5 EMA is present.