This strategy analyzes the three and four-bar play which is when price action has a wide igniting bar that has a full body, then one or two narrow bars which have a relatively equal high for long plays and relatively equal low for short plays, then a continuation bar. You should not take plays that will encounter resistance. The stop loss is placed for long plays...
This indicator shows the three and four-bar play which is when price action has a wide igniting bar that has a full body, then one or two narrow bars which have a relatively equal high for long plays and relatively equal low for short plays, then a continuation bar. You should not take plays that will encounter resistance.
Jared Wesley is one of the more notable...
Hello traders
Some friends asked me to do it so... sharing it for everyone instead
This indicator detects when the first moving average is above the three others. It's a very powerful tool for trend traders that use multiple moving averages to detect a strong trend
Enjoy
Dave
Commonly used to identify a Bull Market, the 21, 55, and 100 Daily EMA along with the 200 SMA need to line up. This script will plot these as well as identify a short-term 21/55 cross. Useful if you have a limit on indicators and need the 4. They can be customized to your settings.
