JustUncleL

Candlestick Trend Indicator v0.5 by JustUncleL

Requested Update to this Indicator alert project. In this update I have added the option to be able select which Price Action             candles you want included in the display and the generated alarm Alert. Other changes also included in this update:
  • Also added a Price Action             candle for "Last Fractal S/R Break", this also a good continuation indication.
  • Added option to select a different moving average types for directional MA line.
  • Modified some default settings, using HullMA instead of Zero Lag EMA and standard MACD settings(12,26,9).

Description:
This is a trend following indicator and alert for Binary Options based on Candlestick patterns and trend line -
NOTE: original system was a forex trading system.
This code combines a number of indicators to create an overall trading strategy.
The indicator recognises and displays some useful candle named defined patterns that are used to support trend continuation:
Also recognises main Price Action             candles from ChrisMoody ( CM             ), the four(4) price action             patterns are colored coded bars:
  • Yellow = Inside Bar - breakout/continuance
  • Orange = Outside Bar - breakout/continuance
  • Aqua/Fuschia = Up/Down Shaved Bars - Buying/Selling pressure
  • Red/Green = Possible reversal PinBars - Reverse Down / reverse Up

The highlighted candles (maroon and darker green) represent the defined PA patterns that have been confirmed following the current trend direction that is indicated by the Hull MA(20) line (can select a different type of MA, or even disable) and confirmed by MACD direction (can be disabled). The confirmed Alerts are indication by green (buy) and red (sell) dots at the bottom of the chart. An alert is generated from this selection for the alert condition of the alarming system.
The fractal upper/lower break lines are also draw, if the (optional) last fractal break line is broken by a highlighted bar then this indicates a stronger trend conformation.
The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.

This multi-indicator set up is suitable for 1hr, 4hr and daily charts with 1-4 candle expiry.

References and Inspiration from:
  • Fractal Levels by RicardoSantos
  • Almost Zero Lag EMA
  • Candlestick Patterns With EMA by rmwaddelljr
  • CM_Price-Action-Bars by ChrisMoody
  • http://www.forexstrategiesresources.com/candlestick-forex-strategies/1-candlestick-trend/
  • "Scalp Jockey - MTF MA Cross Visual Strategizer by JayRogers"

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i have 4 100% accurate binary option 1 min trading method . know i need to create some indicator for that can you help me . my email id is viprinson@gmail.com and my contact is +918754916662
Reply
cristian.d VinobaPrinson
@VinobaPrinson, you lost me at 100%
+2 Reply
lorenzopanico5 cristian.d
@cristian.d, ahahha true
Reply
Hi
I am trying to download the indicator but with no success. could you please post a link?
thanks
A
Reply
Why you need to download? The links are already there in the public library, just select the indicator from "Indicators" button in the Trading view chart.
+1 Reply
ernie76 JustUncleL
@JustUncleL, can i use this on 1min chart at 5minute exp.?, and also can i use this on 5min chart at 30minute expiry? thanks
Reply
@ernie76, I have not tried this tool on 1min charts, so cannot comment. I believe 5min at 15min to 30min expiry should give good results. Make sure you look for the best opportunities, don't trade every alert, study the chart price action approaching the alert and practice in Demo account first to see optimal setups.
Reply
ernie76 JustUncleL
@JustUncleL, Sir pardon me for this inquiry, when you say dont trade every alert what do you mean by that? is there an alert alarm just like in mt4 to set it up? if so may you tell me the step by step procedure,set up to utilize it thanks again
Reply
@ernie76, Yes the script generates alerts for the Tradingview Alarm subsystem, the Clock icon on the right hand sidebar. Onece you have selected the options and time frame chart you want the script run: Press the clock, press '+' to add alert and make settings like this
https://postimg.org/image/ag3et40rx/54641d5d/

hope that helps.
Reply
JustUncleL PRO JustUncleL
@JustUncleL, sorry image is here:
https://postimg.org/image/ag3et40rx/
Reply
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