OPEN-SOURCE SCRIPT
Squeeze Momentum Early In and Out Candles
John Carter presented some candles called "Early In and Out Candles". Although I couldn't imitate the exact candles and warnings I create better indications and bars in my opinion.
When the Candles are above Donchian MA then we have a bullish Momentum.
When the Candles are bellow Donchian MA then we have bearish momentum.
This indicator works best to get an WARNING to enter and close EARLY positions.
Bullish:
When the candles are Light Blue then we have early warning to enter.
When the candles are Dark Blue then we have early warning to close the position.
Bearish:
When the candles are Red then we have early warning to enter.
When the candles are Yellow then we have early warning to close the position.
IMPORTANT NOTES:
Always combine it with the Squeeze Pro indicator.
Suggested Donchian MA: 5 (You can adjust it).
Don't let candles only to be your closing indication once again there are EARLY WARNINGS therefore can move your stop loses to maximize your profits when you are exiting.
I tested my self and I found that is the best strategy when we get Dark Blue candle in the Bullish move I move my stop loss little bit bellow the candle.
Therefore here we go we have early warnings for In and Out.
Thank you and Good Luck.
When the Candles are above Donchian MA then we have a bullish Momentum.
When the Candles are bellow Donchian MA then we have bearish momentum.
This indicator works best to get an WARNING to enter and close EARLY positions.
Bullish:
When the candles are Light Blue then we have early warning to enter.
When the candles are Dark Blue then we have early warning to close the position.
Bearish:
When the candles are Red then we have early warning to enter.
When the candles are Yellow then we have early warning to close the position.
IMPORTANT NOTES:
Always combine it with the Squeeze Pro indicator.
Suggested Donchian MA: 5 (You can adjust it).
Don't let candles only to be your closing indication once again there are EARLY WARNINGS therefore can move your stop loses to maximize your profits when you are exiting.
I tested my self and I found that is the best strategy when we get Dark Blue candle in the Bullish move I move my stop loss little bit bellow the candle.
Therefore here we go we have early warnings for In and Out.
Thank you and Good Luck.
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Feragatname
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Feragatname
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.