Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Using a complex combination of bullish/bearish candle structure (such as engulfings and breakouts) and moving averages, this indicator attempts to illustrate weakness and strength within a trending market.
Included are labels that highlight important breaks of micro structure levels.
The beauty of this script lies in the discretionary trading of 'mid-candle' colour changes, giving the trader a simple micro structure bias.
The white (bullish) and dark red (bearish) colours are the higher confluence indications of candle structure breakout and breakdown, with the grey (semi-bullish) and pink (semi-bearish) showing trend weakness.
love your stuff brother, just a question: When let's say i'm using the 4h chart.. is this script designed to detect candle patterns WITHIN the 4h ? ( 15min chart or 5 within that 4H ? ) or is it based directly on the timeframe you're using ?
thank you
ZezoDuarte
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Hello. I wonder if you use the same Sensitive 3 for all times frames if you change for the Daily or Weekly.
I am colourblind so I will have to change your colours but I see that every candle has 4 colours and my girlfriend told me there is 2 pinks, yes I need help from her :). Could you explain please what the colour 1,2, 3 and 4 means so I can choose other colours and adjust to my colourblindness?
I see that you wrote " with the grey (semi-bullish) and pink (semi-bearish) showing trend weakness." But there is 4 colors in the set up.
love your stuff brother, just a question: When let's say i'm using the 4h chart.. is this script designed to detect candle patterns WITHIN the 4h ? ( 15min chart or 5 within that 4H ? ) or is it based directly on the timeframe you're using ?
thank you