Forex 15 Minute Reversal
January 27, 2022, 9:56 AM
Screeners
2 Comments
This screener looks at the 4-hour trend and then identifies a 15-minute pullback reversal set-up to go long. Best used in conjunction with Heikin-Ashi candles but work anyway!
The graphic shows USDJPY pair setting up to go long.
//This screener effectively screens out trades that are setting up for a 180 degree reversal on a 15-minute timesacale. A trade set-up can then be taken longin the same direction as the 4-hour trend
//www.harkoltd.com
// The following code is related to this timescale:4 hours
TIMEFRAME(4 hours)
indicator1 = ExponentialAverage[200](close)
c1 = (close >= indicator1)
// The following code is related to this timescale:30 minutes
TIMEFRAME(30 minutes)
indicator2 = Stochastic[8,3](close)
c2 = (indicator2 <= 25)
// The following code is related to this timescale:15 minutes
TIMEFRAME(15 minutes)
indicator3 = Stochastic[8,3](close)
c3 = (indicator3 <= 20)
// The following code is related to this timescale:DEFAULT
TIMEFRAME(DEFAULT)
SCREENER[c1 AND c2 AND c3] ((close/DClose(1)-1)*100 AS "%Chg yest.")
//HARKO v1.0
//www.harkoltd.com
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Filename:
Forex-15-Minute-Reversal.itf
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