This script detects an event created by Oliver Velez, it is a wide-range candle with a small body and a long tail (hammer-type candle), its range is noticeably larger than previous candles, as a rule it can be taken that the body should be maximum of 30% of the total range of the candle with a long tail. The stop goes under the tail and the signal is given when the next candle followed by the long tail candle exceeds its body, do not program this condition so that the alert indicates that a long tail candle was generated and the trader has some Time to visualize the graph and wait for the signal.
The default configuration is very basic, each trader must adjust to their needs.
- Trend filters can be activated. - Alerts available.
Hi! I really appreciate this work. I wish you could translate this to English for the fellow English users so as to make it possible for us to tweak as per our needs.
I really appreciate your hard-work.
Thank You! I will wait.
SaiRaj043
⋅
@KryptoPot, yes, it would be great if these indicators are in english so that we can modify as per our needs
I really appreciate your hard-work.
Thank You! I will wait.