CryptoTradersPL

Wall Street Cheat Sheet - Live and Death Run

Hi,
This script was inspired by Wall Street Cheat Sheet and a video published by "Gold 2020 Forecast" https://www.youtube.com/watch?v=VGhan-jhnpk&t=400s.

I was trying to check if what the video claims as a unique pattern is true.

It looks like - either my script is rubbish (which might be as it's one of my first scripts in this programming environment) or this pattern it's not identified correctly.

In general this script should idnetify the euphoria phase on the market (1 or 2 down candels followed by 6 to 8 up) or the end of the depression (1 or 2 up followed by 6 to 8 down).

In my opinion those conditions do not determine and identify market phases correctly.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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