MomGulfing

Long Position Rules:

• RED -> GREEN,
  
• Green close > previous red high,
  
• Green candle volume > previous red candle volume
  

or

• RED -> GREEN -> GREEN
  
• First green close < previous red high,
  
• Second green close > previous red high,
  
• Second green candle volume > previous red candle volume
  

or

• RED -> GREEN -> GREEN -> GREEN
  
• First green close < previous red high,
  
• Second green close < previous red high,
  
• Third green close > previous red high,
  
• Third green candle volume > previous red candle volume
  

Short Position Rules:

• GREEN -> RED,
  
• Red close < previous green low,
  
• Red candle volume > previous green candle volume
  

or

• GREEN -> RED -> RED
  
• First red close > previous green low,
  
• Second red close > previous green low,
  
• Second red candle volume > previous green candle volume
  

or

• GREEN -> RED -> RED -> RED
  
• First red close > previous green low,
  
• Second red close > previous green low,
  
• Third red close < previous green low,
  
• Third red candle volume > previous green candle volume
  

Risk Management:

• First bar's low/high stop loss level
  
• RR:2.5 take profit level
  
• Leverage: 80/percent(stop level)
  
• Pyramiding: 3
  
• Update tp/sl at every signal
  

Release Notes:

Chart is updated as more clear and suitable to house rules of tradingview.

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