LonesomeTheBlue

Candlestick Reversal System

Hello Traders,

In the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa, Four different types of reversal systems were introduced and candlestick patterns are used to find reversals. I will not write a lot about the book, you should get/read it for yourself. There are many great ideas in the book, Candlesetick Reversal System, Following Trend, Time Price Opportunity, Advanced Camarilla Concepts and much more.

Reversal systems mentioned in the book are :
- Wick Reversal System
- Exteme Reversal System
- Outside Reversal System
- Doji Reversal System

I tried to add these four reversal systems to the script. If you need detailed info you better read the book ;)


Enjoy!
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Yorumlar

I can't fix it
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nice script, but why there are so many wrong/missed signals?
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@CG997, nothing is perfect in trade and it was made as written in the book
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Hello, I am an intraday trader for AUS and US stock market.
Currently using MACD, RSI, BB to determine my entry/exit position but sometimes I tend to exit a trade too early or late.
Would appreciate your suggestion for a combination of script/indicator to use to better determine entry/exit position in a trade please?
I am mostly long trade, weeks up to months in both AUS and US stock market.
Thank you for your input :) Have a wonderful day ahead.
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M_M_M_M M_M_M_M
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@M_M_M_M, most important thing in trade is where to exit. there is no clear way to find it.you can support/resistance lines, define the profit when you took position, calculate reward/risk ratio etc.
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Thanks for sharing another great script. is it possible to add alerts? i already tried my self with the following code:

alertcondition(longsignal , title=' Buy', message="Buy Alert")
alertcondition(shortsignal , title='Sell', message="Sell Alert")

but this does not seem to work properly.

Thanks in advance.
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Bagaimana langkah nyaa buat di trading vieww
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Is this supposed to work with Heikin Ashi candles?
+3 Cevap Gönder
Sir, iyi günler bunları ingilizce yazmak isterdim ama mümkün göremedim. öncelikle Alemin Kralısın, ciddi ciddi. Ne zaman mailime sizin script paylaştıgınız haberi düşse heyecanlanıyorum. Saygılar Sevgiler...
+2 Cevap Gönder
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