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EasyTakeProfit Expert Advisor - a tool for setting goals

EasyTakeProfit Expert Advisor - a tool for setting goals

September 29, 2022

There is an opinion that finding an exit point is much more difficult than an entry point. It i

CandleCountdown - candle closing time indicator

CandleCountdown - candle closing time indicator

September 26, 2022

Technical indicators are divided into main and auxiliary. Auxiliary indicators are information

Why trading patterns don't work

Why trading patterns don't work

September 26, 2022

Pattern trading theory suggests that candlestick formations have a psychological basis. For exa

This indicator will draw a label above or beneath every candle based mostly on Rob Smith’s The Strat as they develop over time in your chart.
As value evolves, a candle can change between three states. When the candle first opens, if it sits fully inside the earlier candles excessive and low, then it can begin as a Kind 1. As time strikes on, if it breaks both the excessive or low of the earlier candle, it is going to be come a kind 2, and may the value motion be risky and directionless, it might then break the other aspect of the earlier candle and turn out to be a kind 3.

Every candle is outlined by its relationship to the earlier candle.
Kind 1 ‚Äď Inside candle‚Äď The candle is solely inside the excessive and low of the earlier candle. An inside candle reveals the market is at some extent of indecision.
Kind 2 ‚Äď Trending candle‚Äď The candle extends above or beneath both the Excessive or low, however not each, of the earlier candle.
Kind 3 ‚Äď Outdoors candle‚Äď The candle has damaged each the excessive and low of the earlier candle. An outdoor candle reveals value is broadening, producing increased highs and decrease lows on a decrease timeframe.
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ShowInside
When true, the candle quantity is proven for Inside candles.
ShowTrending
When true, the candle quantity is proven for Trending candles. I usually depart this set to false (the default) as I discover it distracts from the necessary indicators given by Kind 1 and three candles.
ShowOutside

When true, the candle quantity is proven for Outdoors candles.

LabelPosition

When true, the candle quantity is proven for Outdoors candles.

LabelPosition

Select between AboveCandle or BelowCandle.

FontName

The font to make use of for the candle numbers.
FontSize
The dimensions of font to make use of for the candle numbers.
AutoSizeFont
When true, the candle numbers shall be scaled in keeping with the chart zoom ranges. When false, the candle numbers will use the FontSize setting.

InsideFontColour
The color to make use of for an Inside candle quantity
TrendingFontColour
The color to make use of for an Trending candle quantity
OutsideFontColour
The color to make use of for an Outdoors candle quantity

LookbackBars

By default, that is set to 50, which means solely the latest 50 candles shall be labelled. You may modify this quantity to incorporate extra candles, or set it to 0 to label all historic candles.

Key Features of Algorithmic Trading Software

02 May 2021

1.20

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