POWER OF STOCK'S 5 EMA BUY / SELL
Indicator is based mainly on two conditions :
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
Sürüm Notları:
Added option to check previous signals, which will help to back test.
Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
Sürüm Notları:
Code added for alert candle trade.
Sürüm Notları:
Bar color & Label color are editable now. ( Both will have same color)
Sürüm Notları:
Buy Sell signal only generated when alert candle high/low breaks.
Sürüm Notları:
Small change.
Sürüm Notları:
Buy Sell mark below/above candle.
Bar color only for high/low breaching candle.
Bar color only for high/low breaching candle.
Sürüm Notları:
Color Bug Fix.
Sürüm Notları:
What's new ---
Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
Sürüm Notları:
Small Bug Fix.
Sürüm Notları:
Calculation error updated.
Sürüm Notları:
New -
1. Added extra condition for trading with POS alert candle. While generating signals it will now consider RSI value also. It is made available separately(4'th option). You can also change respective RSI values as per your requirement.
2. Table is added which will shown RSI value.
1. Added extra condition for trading with POS alert candle. While generating signals it will now consider RSI value also. It is made available separately(4'th option). You can also change respective RSI values as per your requirement.
2. Table is added which will shown RSI value.
Sürüm Notları:
New Update Contains :
1] Daily VWAP
2] CPR – Daily & Tomorrow.
3] Virgin CPR ( Supported Timeframes : 1,3,5,10,15,25,30,60,75 )
4] HIGH/LOWS:
a) Previous Day/ Week / Month
b) Current Day/ Week / Month
c) ATH/ATL/52 Week High/Low
1] Daily VWAP
2] CPR – Daily & Tomorrow.
3] Virgin CPR ( Supported Timeframes : 1,3,5,10,15,25,30,60,75 )
4] HIGH/LOWS:
a) Previous Day/ Week / Month
b) Current Day/ Week / Month
c) ATH/ATL/52 Week High/Low
Sürüm Notları:
Added option to change colors for BB Basis, Upper & Lower.
Added Weekly VWAP.
Removed EMA Segment as there is already 20 SMA & 5 EMA is present.
Added Weekly VWAP.
Removed EMA Segment as there is already 20 SMA & 5 EMA is present.