Indicator “Candle & TMA8 open”

Indicator “Candle & TMA8 open”

Hi all,

Here is an indicator coded for one of the readers of my website.

We BUY if :

  • bullish candle (close > open)
  • close and open > triangular moving average 8, applied to open
  • lowest of the candle < TMA8 with at least 1 pip below the TMA8
  • size of the inferior shadow  > size of the body
  • size of the upper shadow <= 2 pips
  • no doji : size of the body >= 3 pips

Of course, we SELL for opposite conditions.

So here is the code :

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. bluetime6 • 293 days ago #

    Hello Doctrading.
     
    Can you ask you for something?
    Can you code a screener screen pop guns?
    And the screener change to use for a strategy with
    entry after long triggercandle + x-points,
    stop after x-percent of the trigger candle,
    takeprofit of x-percent (maybe with/like fibo-levels)
    ?
    kind regards?
    blue

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