Randy Jackson setups are part of the 'Strat' candlestick analysist. More information about the Strat can be found on the internet and YouTube. This indicator reads the previous candles of every selected ticker and searched for a RJ setup. If one exist, it will update the table with the tickers name. I will add more setups in the future.
This is a screener. This indicator really just makes it easier to scan many indicators at once. Its not hard to use... just place it on the chart and it will do the work for you. Hopefully mods find this enough of a description...
The improvement: Got rid of the exchange name when posting the tickers on the table. This makes the table cleaner and removes unneeded info.
Added Nirvana setup:
This setup is an inside bar (equivalent as 1 for 'Strat') followed by an outside bar (equivalent as 3 for 'Strat). Traders can play this both ways depending on the direction of the outside bar.
Added Holy Grail setup:
This isn't technically part of the 'Strat', but due to request I added it in since it is still a price action setup. This setup the opposite of the Nirvana and is an outside bar followed by an inside bar.
This setups is helpful to find a possible outside bar formation that is about to occur. This setups will look for a strong push in price in one direction and then a reversal that passes through the 50% retracement of the previous candle. Once the current price is below the 50% retracement, the indicator will update the table with the ticker.
For Strat nicknames on the table, I added their respective formation so that it would be easier to follow in case you are not aware of the nicknames.
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.