First Candle Low Break Signal

3 Ağu

Theory: If the SPY (or anything really) starts the day with a green candle, it never breaks below that candle on that day.
This indicator was quickly made to check that theory with some interesting results.

Requirement: The Symbol must be set to "extended trading hours", otherwise the script cannot see the changes between days.

3 Ağu

Sürüm Notları

The Indicator can now check for the following conditions:
- first bar of the day = green => will it get broken to the downside over the day?
- first bar of the day = red => will get broken to the upside?
- first bar of the day = green => will the day will close to the upside overall?
- first bar of the day = red => will the day close generally to the downside?