Hello Ladies and Gents,
Could somebody possibly help me out with an extremely simple indicator? The rules are quite simple:
Draw an up arrow IF the last candle closes higher than the fourth to last candle AND IF the second to last candle closed lower than the third to last candle AND IF the third to last candle closes lower than the fourth to last candle. And also the other way around for a short signal.
Here are two examples:
The highlighted candle engulfs all three candles before it and each candle before the highlighted candle closed lower than the previous candle
Here are two examples, a long signal and a short signal
More info here: http://www.investopedia.com/articles...k-patterns.asp (please scroll down to "Three Line Strike")
Or here: http://thepatternsite.com/ThreeLineStrikeBull.html
Thank you in advance and cheers!
Could somebody possibly help me out with an extremely simple indicator? The rules are quite simple:
Draw an up arrow IF the last candle closes higher than the fourth to last candle AND IF the second to last candle closed lower than the third to last candle AND IF the third to last candle closes lower than the fourth to last candle. And also the other way around for a short signal.
Here are two examples:
The highlighted candle engulfs all three candles before it and each candle before the highlighted candle closed lower than the previous candle
Here are two examples, a long signal and a short signal
More info here: http://www.investopedia.com/articles...k-patterns.asp (please scroll down to "Three Line Strike")
Or here: http://thepatternsite.com/ThreeLineStrikeBull.html
Thank you in advance and cheers!
When trading: "Empty your mind, be formless. Shapeless, like water."